Why steel is going from hot to cold

After having waited for about six years to get his $30-billion projects off the ground (one in Odisha and the other in Jharkhand, each capable of producing up to 12 million tonnes of steel per annum), steel tycoon Lakshmi Niwas Mittal said at a recent seminar in New York that the Indian government was condemning millions to stay poor by not expediting industrialisation.

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