 "JSW Steel")
JSW Steel has decided not to bid aggressively for Odisha iron ore blocks in the next auction, owing to weak steel demand.
JSW Steel bid aggressively for three category-B iron ore blocks in Karnataka last month, and is unlikely to pay a premium for the Odisha blocks, said a senior JSW Steel official.
The bidding will be in two phases — the third week of August and September. Eight mines with reserves of around 573 million tonnes (mt) are expected to come up for auctions in August. A JSW spokesperson was not immediately available for comment.
"Odisha has a
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