Essar's Ruia Family to Build $15 Billion Steel Plant in Iowa
US President Donald Trump announced a $15 billion steel mill project in Iowa with Essar founder Ravi Ruia and son Rewant Ruia present. The plant, called the largest in American history, will be built by Mesabi Metallics and start production by 2030 with 7.5 million tonnes capacity, potentially rising to 10 million. It will create 1,750 permanent and 6,000 construction jobs, with a $95 billion economic impact over 10 years. The $18 billion US steel system includes $3 billion for Minnesota iron-ore supply.
Business Standard·5h ago·Lee County



