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Steel makers want cap on iron ore production in Karnataka raised by 10%

Steel News - Published on Wed, 06 Dec 2017

Image Source: businesslin
Business Line reported that iron ore miners in Karnataka are bogged down by the cap imposed by the Supreme Court and an environment where players like JSW Steel (with the biggest steel mill in a single location) in Karnataka planning to utilise its full capacity, but not able to do so because of unsure supply of iron ore.

Mr Basant Poddar, Mentor, Federation of Indian Mineral Industries (FIMI) and MD, Mineral Enterprises Ltd, said “The cap on production was imposed in 2011 by the Supreme Court. Imposing it at that point in time was right since it was a war-like situation. But six years have passed since then. India is growing. It needs steel. And Karnataka can contribute. But the State has been reduced to a position of importing iron ore from South Africa, which is a hugely carbon negative exercise. There have been huge job losses in Karnataka due to this development. We are constantly knocking on the doors of the SC.”

He added “We have asked for only 10 per cent increase from the current production levels, that is, to 33 million tonnes from 30 million tonnes now. Even the Central Empowered Committee set up by the SC has recommended moving it up to 35 million tonnes from 30 million tonnes.”

Source :

Posted By : Ratan Singh on Wed, 06 Dec 2017
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