The "Largest Steel Plant In US History" will be constructed by India's Essar Group: Trump
When fully constructed, the factory, which is scheduled to start production in 2030, is anticipated to generate 10 million tons of steel yearly. Washington India's Essar Group intends to invest $18 billion in the US, including a $15 billion steel mill in Iowa, in one of the largest foreign bets. Members of the Ruia family, who run the business, attended an Oval Office event when US President Donald Trump unveiled the Iowa project. The facility, which will be developed by Essar's US subsidiary Mesabi Metallics, is anticipated to be a part of an integrated steel supply chain in the US, with iron ore coming from the company's facilities in Minnesota. It will be the "largest steel plant in American history," according to Trump, who portrayed it as an economic triumph in a crucial battleground state where Republicans are up against fierce election contests. "We are excited to announce today that Mesabi Metallics will construct the biggest steel plant in American h...