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From India to Iowa: Ruias return to steel with an ambitious $18 billion US bet

The Ruias built Essar Steel into one of India’s largest privately owned steel businesses before entering India’s insolvency process in 2017 and changing ownership in 2019. Now, almost a decade later, the Ruias are seeking to build a new steel business in the US with an ambitious project President Donald Trump has just announced as “the largest plant in America by far…

Source: Economictimes.indiatimes.com
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https://economictimes.indiatimes.com/news/company/corporate-trends/after-losing-indian-steel-empire-the-ruias-eye-another-in-the-us/articleshow/134561435.cms

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