India's Essar Group to Build $15 Billion Steel Plant in Iowa

In September 2026, India's Essar Group announced a $15 billion steel plant in Iowa, which President Trump described as the largest steel plant in US history. Trump said the steel industry is roaring back to life. The project is one of several investments by Indian firms in the United States amid tariffs. One headline notes that the Indian firm building the mill has deep ties to Russia.