JSW Steel Holds 21% Share of Merchant Iron Ore Supplies After it Won Jajang Mines

After winning four iron ore mines so far in Odisha auctions 2020 (2 captive & 2 merchant), JSW Steel has occupied a share of 21% in Odisha’s merchant iron ore supplies. Other major merchant suppliers are – OMC, Serajuddin & Essel Mining.

JSW Steel has won two mines so far which were reserved for merchant namely Nuagaon & Jajang having total EC limit of 22.1 MnT pa. Govt has emphasized a successful bidder after obtaining all statutory clearances needs to produce in the first two years at least 80% of what the mine actually produced in the preceding two years.

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