Essar steel holdings investing $4 billion

Essar steel holdings is going to invest more than $4 billion in north america.Already they have acquired Algoma in Canada and Minnesota Steel in the US, as well as greenfield plants in Trinidad & Tobago.The ground breaking ceremony was happened today at minnesota and the chairman Ruia told currentlt this company employs 8000 peoples.Minnesota was acquired in 2007 and has more than 1.4 billion tonnes of iron ore in the Mesabi range.Ruia said, We are excited about starting this project. Today’s groundbreaking is another step towards our goal of building a large presence in the steel sector in the Americas.


Seyed hossein said...

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Jahan Metal Int Group FZCO