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Steelmakers and India: More Business Than Politics

2013-07-21 01:15:32| About Metals

Twice in the past week major steelmakers pulled out of agreements to construct steel plants in India. On Tuesday, the South Korean steelmaker POSCO announced that it was pulling out of a $5.3 billion project in the country's southern state of Karnataka. While, just three days later, the world's largest steelmaker ArcelorMittal SA announced it was scrapping plans for a US$ 12 billion project in Odisha....Read Full Post

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