ArcelorMittal scraps plan for steel plant in India

Associated Press
ArcelorMittal scraps plan for steel plant in India

FILE – In this Wednesday, July 25, 2007 file photo, ArcelorMittal Chief Executive Officer Lakshmi Mittal, center, watches as his son Aditya Mittal, right, shakes hands with Indian Petroleum Minister Murli Deora, left, at a press conference in New Delhi, India, where he said ArcelorMittal was committed to setting up 10 million tonne capacity steels plants each in Jharkhand and Orissa states. ArcelorMittal, the world's largest steelmaker, has abandoned plans for an $8.5 billion steel plant in the eastern Indian state of Orissa in the second major blow this week to the government’s efforts to lure foreign investment. The company said Wednesday, July 17, 2013, it decided to scrap the steel plant in Orissa state after a seven year delay in acquiring land. (AP Photo/Mustafa Quraishi)

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