Why is Essar investing $18 billion in a US steel plant? Trump tariffs hold the answer
· livemint.com
India's Essar Group, through US subsidiary Mesabi Metallics, plans to invest $18 billion in an integrated US steel operation spanning an iron-ore mine in Minnesota and a steel plant in Iowa. President Donald Trump has credited his 50% steel tariffs for the investment.
India's Essar Group is making an $18 billion bet on the US steel industry, with its subsidiary Mesabi Metallics planning a large steel plant in Iowa linked to a...