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Sep 11, 2012, 02.01 PM IST
JSW Steel falls as much as 2.4% on concerns a temporary suspension of mining activities in Goa will impact domestic supply of iron ore.
JSW purchases most of its iron ore requirements from domestic miners and may face higher prices as a result.
"The suspension of iron ore mining in Goa, albeit temporary, "is likely to exacerbate the decline in Indian iron ore exports," Deutsche Bank says in a note, and "provide an upside trigger to spot iron ore prices."
At 12.34 p.m shares in JSW Steel are down 1.2%.
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