India–US Trade Tensions Rise Over Steel and Auto Tariffs NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis
JSW Steel is expanding its portfolio of iron ore and coking coal assets to secure long-term raw material supply and reduce dependency on imports, as part of its broader strategy to support capacity expansion and cost efficiency.
The company is actively pursuing new mining leases for iron ore in India and exploring strategic overseas acquisitions for coking coal, particularly in regions like Mozambique and Australia. These assets will feed JSW’s growing domestic operations, including its upcoming 13.2 MTPA greenfield steel plant in Odisha.
Officials said the move is aimed at improving self-sufficiency, supply stability, and cost competitiveness, as raw material volatility continues to impact global steel producers.
JSW currently meets around 40% of its iron ore requirement from captive sources and plans to increase that share significantly over the next few years.
Industry experts note that this resource-backed approach will not only enhance JSW’s margins but also support India’s vision of achieving 300 MTPA steel production capacity by 2030, while promoting sustainable and integrated growth across the steel value chain.
Also Read : Adani's copper unit in Mundra starts operation Tata Power's bifacial solar boosts Chengmari Tea Estate
More than 250,000 barrels per day (b/d) of US crude are expected to arrive in India next month, the...
Business 26-Mar-2024
India Steel Works initiates technical upgrades despite financial pressures. Automation and efficien...
Business 16-Apr-2025
India's steel exports are expected to continue rising in the current fiscal quarter, since the elect...
Ferrous 05-Apr-2024
The Ministry of Finance may project gross tax collections of ₹38.3 lakh crore for 2024–2025; n...
Taxation 01-Feb-2024
✅ Steel imports may fall by 50% in FY25/26 due to safeguard duty✅ Policy shift to protect domestic...
Business 25-Mar-2025
Tata Steel, an Indian multinational steel-making company, has announced a consolidated net profit of...
Large Corporate 24-Jan-2024