BusinessEssar Group to Invest $18 Billion in US, $15 Billion Steel Plant in Iowa
India's Essar Group plans to invest $18 billion in the US, including $15 billion for a steel plant in Iowa. Announced by US President Donald Trump, the plant will be developed by Mesabi Metallics, a US company owned by Essar. It aims to produce 10 million tonnes of steel annually, with the first phase producing 7.5 million tonnes. Production is targeted to start by 2030.
Firstpost World·4h ago·Iowa


