NIFTY  8,896.70  -0.48%
  SENSEX  28,812.90  -0.28%
 CURRENCY  Rs  66.83/$ 70.65/€, 83.79/£
  GOLD  29,717.00  0.32%
  SILVER  43,440.00  0.20%
  DAX  11,822.70  0.16%
  FTSE  7,253.00  0.13%
  CAC  4,845.18  -0.00%
  HANG SENG  23,925.10  -0.17%
  NIKKEI  19,107.50  -0.91%
  Shanghai Composite  3,228.66  -0.42%
  DOW JONES  20,837.40  0.07%
  NASDAQ  5,861.90  0.28%
  S&P 500  2,369.75  0.10%
SANOFI INDIA Q4 - Net Sales At Rs 552 Cr Vs Rs 522 Cr YoY SANOFI INDIA Q4 - Net Profit At Rs 50.5 Cr Vs Rs 120 Cr YoY

Steel Sector’s Distress: Rs.1 Lk Cr Investment Stuck In Karnataka

Video:

Play this video

A week after the government unveiled a liberalised FDI regime, we’ve seen two of the biggest foreign steel investments being indefinitely shelved. ArcelorMittal put its Orissa plant into cold storage, as did Posco with its Karnataka project. In this Big Story, we examine the slump in the steel sector, its causes and likely impact.