Stronger India-China demand could push global steel consumption higher in 2026 Jindal Steel bags Odisha iron ore block in Keonjhar through competitive online auction Fives to supply annealing furnaces for Yongfeng Group’s new Shandong steel plant
Jindal Steel has emerged as the preferred bidder for the Rengalaberha North-East Extension and Nuagan West iron ore block in Odisha’s Keonjhar district, marking another important step in the company’s resource expansion strategy. The 84-hectare block is estimated to hold nearly 38 million tonnes of iron ore, giving the company a stronger raw material base for future steel production. Jindal secured the block through an online auction after offering a 111.15% premium to the Odisha government. Industry watchers see the win as significant for the company’s captive ore security, especially as steelmakers continue to focus on backward integration and long-term supply stability. The latest auction success is also expected to support Jindal Steel’s broader mine-to-metal strategy and strengthen its position in Odisha’s competitive mining landscape.
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