Domestic iron ore supplies may take time to ease

JSW Steel, AM/NS hold the key to iron ore supply woes

With primary steel producers still not ready with their ore for the open market, domestic iron ore supply may take a while to ease.

“We were allotted two mines (Sagasahi and Thakurani) in the Odisha auction, of which Sagasahi, being a virgin mine, will take a while to produce. We can expect it to come on board sometime in FY22 and not immediately,” Dilip Oommen, chief executive officer at Arcelor Mittal Nippon Steel (AM/NS) told Business Standard.

During the past few months, scarcity of iron ore, the key raw material used in making steel, had taken domestic steel prices through