Firms like JSW Steel could face closure if mining does not resume soon

Steel and pig iron companies that depend on iron ore from Karnataka are facing closure due to a severe shortage of the mineral. The state’s steel industry, whose 21-million-tonne (mt) output accounts for 25 per cent of the national production, is operating with just a 45-day supply of iron ore. “If mining does not resume in the state immediately, it would be very difficult for us to keep the plant running,” said Vinod Nowal, director and chief executive officer, JSW Steel.