Essar-backed Mesabi Metallic to invest USD 18 bln in US integrated steel complex

Mumbai, Sep 29 (UNI) Essar-backed Mesabi Metallics plans to invest $18 billion to build a fully integrated US steel business, linking its iron ore mine in Minnesota with a new steel complex in Iowa, the company said. US President Donald Trump announced the investment at the White House in Washington, as per a press note issued from Mumbai office. The project includes a proposed $15 billion integrated steel complex in Iowa and about $3 billion already invested in an iron ore mine and pelletizing facility in Minnesota. Mesabi Metallics said the project would be the largest single-location investment in an…