One-fourth of the country’s steel production to be impacted.
The Supreme Court ban on iron ore mining in the Bellary district of Karnataka has hit more than half a dozen steel companies, including JSW Steel and Kalyani Steels manufacturing about 14 million tonne (mt) steel that produces 21 per cent of the country's iron ore.
Steel companies in the Bellary-Hospet region account for about 25 per cent of India’s domestic steel production of 63 mt and have been forced to explore the option of sourcing from other states.