International
Essar Group to Build Massive Steel Plant in Iowa, US
NDTV54m
THE BRIEF
1
India's Essar Group plans to invest $18 billion in the United States, including a $15 billion steel plant in Iowa developed by its subsidiary Mesabi Metallics.
2
US President Donald Trump announced the facility at an Oval Office event, stating it will be the largest steel plant in American history.
3
The plant is projected to begin production in 2030 and produce 10 million tonnes of steel annually once fully built out, utilizing iron ore from Minnesota.