Industry News

India's JSW Steel faces shortage of iron ore supply

Views : 198
Update time : 2020-10-28 16:19:47
It was understood that India's JSW Steel was facing problems of iron ore supply. The company's joint managing director indicated that there were two main reasons for the shortage of iron ore supply.

First of the reasons was the decline in iron ore output in Odisha, only five of the 19 iron ore projects, whose mining rights have been auctioned, were currently in production. Moreover, affected by the epidemic, these five iron mines in operation were also unable to increase production capacity.

The other reason for the shortage of iron ore supply was because of the high-exports of iron ore in overseas markets. According to the statistics, India’s iron ore output from April to July fell by 50% year-on-year, but iron ore exports increased by 63% during the same period.
Related News
Read More >>
India’s Bansal Wire Industries expends stainless steel wire capacity at Uttar Pradesh facility India’s Bansal Wire Industries expends stainless steel wire capacity at Uttar Pradesh facility
Apr .24.2025
India’s Bansal Wire Industries expends stainless steel wire capacity at Uttar Pradesh facility
China’s alumina exports surge in Mar due to domestic oversupply China’s alumina exports surge in Mar due to domestic oversupply
Apr .24.2025
China’s alumina exports surge in Mar due to domestic oversupply
Ferromolybdenum prices rise sharply in China, raising stainless steel costs Ferromolybdenum prices rise sharply in China, raising stainless steel costs
Apr .24.2025
Ferromolybdenum prices rise sharply in China, raising stainless steel costs
Fagersta Stainless upgrades with Danieli’s new stainless steel blooming mill for high-quality products Fagersta Stainless upgrades with Danieli’s new stainless steel blooming mill for high-quality products
Apr .24.2025
Fagersta Stainless upgrades with Danieli’s new stainless steel blooming mill for high-quality products