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Tata Steel, JSW Take Different Paths to Iron Ore
Mint Mumbai
|March 01, 2025
India's two largest steelmakers are moving on divergent paths in the sourcing of iron ore for their steel plants.
JSW Steel, which has historically had more reliance on the open market to meet its iron ore demand, is aggressively bidding to acquire more captive mines, or mines under its leasehold.
Meanwhile, Tata Steel, which currently procures all its iron ore from captive mines, is exploring meeting at least part of its requirement from the open market as the leases on several of its key mines expire in 2030.
The strategies will be closely watched by large independent miners like NMDC Ltd and Odisha Mining Corp. Ltd (OMC), who supply iron ore to the steel sector.
These strategies could also have a big implication for the government exchequer, which makes significant revenues through royalties from the allocation of mining blocks. The competition for mining blocks dictates the prices fetched by these national resources in auctions.
This story is from the March 01, 2025 edition of Mint Mumbai.
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