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The Economic Times

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After losing Indian steel empire, the Ruias eye another in the US

Ruias, following the bankruptcy of Essar Steel, are planning a new steel venture in Iowa. This project involves a $15 billion steel plant, aiming to produce 10 million tonnes annually. Financing has already been secured for the Minnesota iron-ore mine, which is integral to the operation. The Iowa plant is expected to create around 1,750 permanent jobs alongside thousands of construction jobs.

29 Sep 2026 2:32 pm