TRUMP ANNOUNCES A $15 BILLION STEEL PLANT IN IOWA BACKED BY INDIA’S ESSAR GROUP, WITH PRODUCTION EXPECTED TO BEGIN IN 2030, MORE THAN 2,000 JOBS CREATED AND EVENTUAL OUTPUT OF 10 MILLION TONS OF

STEEL ANNUALLY. THE PROJECT WILL BE SUPPLIED BY A NEW $2.5 BILLION IRON ORE MINE IN MINNESOTA, AS THE TRUMP ADMINISTRATION PUSHES TO EXPAND DOMESTIC STEEL PRODUCTION FOLLOWING ITS 50% TARIFFS ON STEEL AND ALUMINUM.

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