Steel Goal Fades as $12 Billion Projects Dumped

Steel Goal Fades as $12 Billion Projects Dumped

Dhiraj Singh/Bloomberg

A worker polishes stainless steel container lids at a workshop in the suburb of Mira-Bhayander in Thane, India. The Indian rupee’s plunge to a record this year, which lifted equipment and raw material import costs, has exacerbated the nation’s decline as a favored steelmaking destination.