India's Essar Group To Build "Largest Steel Plant In US History": Trump
The plant, which is projected to begin production in 2030, is expected to produce 10 million tonnes of steel annually once fully built out.
President Donald Trump announced Monday (local time) that Indian conglomerate Essar Group will invest $18 billion to build the largest steel plant in American history in Iowa. The $15 billion Mesabi Metallics mill will create 1,750 permanent jobs in the state and support 6,000 construction jobs. The plant is projected to add $95 billion to the US economy over the next decade, producing 10 million tonnes of steel annually.
Mesabi Metallics Chairman Rewant Ruia thanked Trump for reviving the importance of manufacturing in America. The investment is expected to bring back a fully integrated domestic supply chain from mine to mill, with the Minnesota operation being the first new iron ore mine in the US in over 50 years.
Written by urgent.news from Free Press Journal's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
