Captive mines and price partial correction are key reasons behind the move. : Steel major JSW Steel is planning to reduce import of iron ore to its Karnataka facility on the backdrop of new captive mines opening in the state and pricing correction made by NMDC. The development also comes at a time when local miners have alleged that JSW is not procuring enough from Karnataka, leading to pile up of inventory. Seshagiri Rao, JMD and Group CFO for JSW Steel said the company is procuring iron ores from other sources due to high premium and pricing in Karnataka.