Eyeing domestic power assets not Tata Steel UK: Sajjan Jindal

Sajjan Jindal, Chairman, JSW Group in an interview with CNBC-TV18 spoke about the outlook for the steel, mining and power industry.He said the company is looking at buying power assets only in India as of now and is not looking at Tata Steel UK assets.With regards to iron ore imports, he said fortunately now enough capacity is being developed in the country and so, the country we will import very little iron ore, in fact in time they would be net exporter of iron ore.

On the steel front, he said the steel industry is standing on its feet now and the impact of anti-dumping duty may come in the long-term. Short-term too there are signs of imports slowing down, he said.

India had slapped anti-dumping duty on certain cold-rolled flat steel products from four nations including China and South Korea to guard domestic industry from cheap imports, in August. Earlier also the government had imposed anti-dumping duty on import of hot-rolled flat products of alloy or non-alloy steel from China, Japan, Korea, Russia, Brazil and Indonesia.