India is on its way to lay its dependency on import of iron ore on an increasing norm as the rigorous shortage in iron ore supplies from Karnataka and Goa following mining pause as directed by Supreme Court directive have led to India becoming a net importer of this ore in the current financial year. Till 2011, India was the third-largest exporter of iron ore. According to industry sources, between April and December 2012, India imported an estimated six-seven million tonnes (mt) of iron ore. Several steel mills such as JSW Ispat, Bhushan Steel and Essar Steel have been importing ore for their port-based steel plants. JSW Ispat has also used imported iron ore for its plant in Salem and is considering importing the commodity for its plant in Bellary as well.
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