Indian steelmaker
Tata Steel is buying
iron ore for the first time in its history following the closure of its
iron ore mines in Jharkhand and Odisha, according to media reports.
Tata Steel is supplying its 9.7 million mt Jamshedpur steel plant with imports or
iron ore bought from domestic sources.
The company has bought
iron ore from the
India-based miner NMDC, while also importing from Australia.
India was already facing an
iron ore shortage due to court orders in force banning
iron ore mining in Karnataka and Goa for the last two years and the shortage worsened this year with the closure of mines in Jharkhand and Odisha because of expiry of licenses.