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

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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.