US EXIM announces USD 10 billion support to Essar's Mesabi Metallics

The EXIM said its loans are unlocking nearly USD 30 billion in strategic deals designed to strengthen America's supply chain security alongside Indo-Pacific allies.EXIM President and Chairman Mesabi Metallics is building an integrated iron ore mining and processing facility designed to produce about seven million tons of high-grade direct-reduction iron ore pellets annually- critical inputs for modern steelmaking and will create hundreds of US jobs, the EXIM said.Live EventsAlso Read: Concessional diesel: ...