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JSW may use low-grade ore to overcome shortage

JSW may use low-grade ore to overcome shortage

JSW Steel, which aims to produce 9 million tonne (mn t) of steel in 2013-14, plans to use low-grade iron ore dumps, with 46 per cent iron (Fe) content, at its Bellary steel plant owing to shortage of high-grade ore. The company, which has an annual iron ore demand of 15 mn t, finds very difficult to secure it. It created capacity of 20 mn t at its benefication plant, used 52 per cent Fe iron ore and survived for the last two years. Now, it is targeting 46 per cent Fe grade iron