UTC+8 ( BJT)

JSW Oct merchant iron ore sourcing up 53% MoM

ABSTRACT

Indian steel major JSW Steel sourced 2.25 million tonnes (mn t) of iron ore from the merchant market in Oct'21. The sourcing surged by 53% as against 1.47 mn t seen in Sept'21. The figures exclude captive iron ore sourcing.
  Purchases from Karnataka e-auctions up 38% m-o-m   In Oct'21, JSW Steel sourced around 1.75 mn t of iron ore from the Karnataka e-auctions, up by 38% against 1.27 mn t in Sept'21.   Out of this, NMDC supplied 0.72 mn t, contributing around 41% of the total JSW sourcing in Oct'21. NMDC supply

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