JSW Steel Plans Transition to 100% Domestic Iron Ore Sourcing

Strategic Shift to Local Sourcing:

intends to phase out iron ore imports completely as domestic mining output grows and logistical infrastructure improves, shielding the steelmaker from global market volatility. Current Import Reliance: Although India possesses extensive iron ore reserves, imported ore was often more cost-effective for coastal plants due to cheaper sea freight relative to domestic road transport. Consequently, JSW Steel accounted for nearly 80% of India's 12.2 million tonnes of iron ore imports in 2025. Captive Supply Targets: The company currently fulfills about 40% of its iron ore needs through captive mines and relies on state-run NMDC Ltd for the remainder. Moving forward, JSW Steel aims for a 50:50 split between captive mines and local market purchases. Auction & Infrastructure Strategy: To achieve self-reliance, JSW Steel is participating in upcoming mine auctions and heavily investing in logistics, including developing 40 million tonnes of pipeline transport capacity to reduce domestic transit costs. Capacity Expansion Demands: Securing reliable local supplies is vital as JSW Steel scales its overall steelmaking operations from 35 million tonnes to 55 million tonnes by 2030, and targeting 79 million tonnes by 2032. Policy Alignment: This corporate strategy mirrors government efforts to boost domestic mineral production, which includes encouraging entities like Coal India to bid for iron ore mines and build processing facilities.