ArcelorMittal Invested $26 Million in Abandoned India Steel Mill

ArcelorMittal (MT) had invested a total of $26 million in the Odisha steel mill in India it abandoned last week, spokesman Ritesh Sinha said by e-mail.

The Luxembourg-based company scrapped the project seven years after agreeing to the development because of delays in land purchases and mine allocations, it said last week.

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To contact the editor responsible for this story: Jason Rogers at

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