JSW Steel is Considering Setting up a Plant with JFE Holdings Inc.
JSW Steel plans to double capacity to 16 Mt/a by 2015. It aims to spend 145 billion rupees in the next five years to add 2 Mt/a of capacity at its Vijayanagar plant in the southern state of Karnataka and build a 3 Mt/a plant in the eastern state of West Bengal. JSW Steel gets about 17 % of its iron ore supplies from own mines and buys the rest from other suppliers including NMDC Ltd, Asia’s third-largest coal producer. JSW imports all its coking coal needs from overseas. The company, which bought iron ore mines in Chile in 2008 and coking coal reserves in the USA in May this year, expects to start production from the units by December. (09/2010)