Indian firm looks to grow its business with lucrative Canadian steel operation. Essar Steel Holdings Ltd. is acquiring Canada-based Algoma Steel Inc. for around $1.85 billion. Essar Steel is a ...

Cash-hobbled Essar Steel Minnesota is in hot water again. Contractors and workers have called the state saying the company is late on payments for the massive $1.9 billion taconite production facility ...

Beleaguered Essar Steel Minnesota confirmed Friday that it laid off workers in Nashwauk as it scrambles to secure badly needed financing to finish construction of its much-delayed $1.8 billion ...

Essar Steel Minnesota may be out of cash and foundering in Chapter 11 bankruptcy protection, but the company is trying to hang on to its investment in the half-built Nashwauk taconite project. Essar ...

The St. Marys River is closed to commercial vessels from the Soo Locks to 6 Mile Point, after a 629-foot U.S. cargo ship ran aground on the north side of Sugar Island, Wednesday, at about 11:40 p.m.

NASHWAUK, Minn. -- On a brisk, breezy October day, 18 big cranes reached for the sky over the sprawling Essar Steel Minnesota taconite plant just north of town where more than 700 construction workers ...

The newly bankrupt Essar Steel Minnesota named a new CEO Thursday, tapping an industry veteran to replace the controversial Madhu Vuppuluri. Essar, which filed for Chapter 11 bankruptcy protection ...

Indian tycoon Shashi Ruia—cofounder of the Essar Group, one of the country’s largest conglomerates—passed away on Tuesday at the age of 81. “An iconic industrialist, Shri Shashikant Ruia, chairman of ...

DULUTH, Minn. (AP) — Essar Steel Minnesota has closed on financing to complete construction of its open-pit iron ore mine and pellet plant. With financing in place, Essar will now ramp up construction ...

Luxembourg-based steelmaker ArcelorMittal has announced the committee of creditors overseeing Essar Steel India Ltd. (ESIL) has voted to approve its acquisition of ESIL. The committee has issued a ...