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The Economic Times

Economy / The Economic Times

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Essar-backed Mesabi Metallics to set up $15-billion steel plant in US

Mesabi Metallics will use iron ore for the Iowa plant from its mine in Minnesota, which was recently operationalised. The company has invested nearly $3 billion in this iron ore mine at Nashwauk in the state, which is the first new mine in Minnesota in five decades. This combined $18 billion investment is the largest single-location investment for steel in the country.

30 Sep 2026 12:02 am