India's largest steel manufacturer, JSW Steel has asked for a complete ban on the export of iron-ore, which is key raw material in steel.

The company has said that the ban should be implemented in a phased manner which should be done in nothing less than five years time.

While announcing the results of the company, Chairman and Managing Director Sajjan Jindal said, "Iron ore exports should be gradually banned. I would say that there should be a calibrated approach towards banning it, say in next five years bring down export of iron ore to zero."

He made this remarks amidst the fact that the Karnataka government has announced a ban on the export of iron-ore from 10 of its ports. This is big considering the fact that JSW has two units in the state.

These facilities have an annual production capacity of 8.8 million tons.

Karnataka government has taken this step considering the fact that ban on shipments will help in curbing illegal practices that have developed in steel industry.

On the other hand, the Minister of State for Commerce and Industry Jyotiraditya Scindia has said that Centre has no plans to put any such ban.