SC order pushes steel industry into crisis

The Supreme Court’s decision on Friday to ban all mining activity in Bellary has overnight put the entire iron and steel industry in crisis. Bellary supplies iron ore not only to steel units in Karnataka, but also to companies in five other states: Tamil Nadu, Gujarat, Andhra Pradesh, Goa and Maharashtra. Besides JSW Steel, that has the largest plant with an annual capacity of 10 million tonnes at Toranagal, and employs some 22,000, there are several small sponge iron, pig iron and pellet plants in the region—all suddenly strapped for the basic raw material.

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