JSW Steel will be importing 2-3 million tonnes (mt) of iron ore in the
current financial year-lower than six million tonnes last fiscal-since
the iron ore production in country has improved. Currently, JSW Steel is
not looking at further capacity enhancement rather focusing more on
value added products.
At the 38th Annual General Meeting (AGM) of Bangalore Chamber of Industry and Commerce (BCIC) Sajjan Jindal, Chairman and Managing Director of India's third-largest steel producer JSW Steel, said that JSW Steel is in touch with Govt. of Karnataka for development of a port in the Karwar region of Uttara Kannada district in Karnataka. 'I had a meeting with Karnataka CM Siddaramaiah in this regard and he was quite positive about it,' said Mr. Jindal.
Surging imports of steel from countries like China is putting pressure on the profits of Indian steel producers like-JSW Steel, Tata Steel etc. 'China is dumping steel products everywhere and steel export market is not looking very positive at this point,' added Mr. Jindal.
— Press Release Watch (@PrReleaseWatch) June 28, 2015
At the 38th Annual General Meeting (AGM) of Bangalore Chamber of Industry and Commerce (BCIC) Sajjan Jindal, Chairman and Managing Director of India's third-largest steel producer JSW Steel, said that JSW Steel is in touch with Govt. of Karnataka for development of a port in the Karwar region of Uttara Kannada district in Karnataka. 'I had a meeting with Karnataka CM Siddaramaiah in this regard and he was quite positive about it,' said Mr. Jindal.
Surging imports of steel from countries like China is putting pressure on the profits of Indian steel producers like-JSW Steel, Tata Steel etc. 'China is dumping steel products everywhere and steel export market is not looking very positive at this point,' added Mr. Jindal.
