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Govt Proposes Global Benchmarking of Iron Ore Prices to Curb Underreporting

In a move aimed at tightening pricing transparency and boosting state revenues, the Ministry of Mines has proposed benchmarking domestic iron ore prices...

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JSW Steel Renounces Coal and Iron Ore Mines, Incurs ₹445 Crore Write-Off

India’s largest steel maker, JSW Steel, announced a significant financial adjustment Thursday by writing off ₹445 crore to surrender coal and iron ore...

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Karnataka’s New Mineral Tax to Impact Steel Industry Margins

The Karnataka government has introduced a two-part mineral-bearing tax that is expected to pressure the profitability of steel companies. The levy, which applies...