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    Market Segment

    October 22, 2013

    Essar Steel Minnesota Taconite Project Delayed Until 2015

    Written by Sandy Williams

    Completion of the Essar Steel Minnesota taconite project has been delayed until late 2015 according company officials.  The facility, begun in 2008, was originally slated for completion in 2013 and would increase annual production of taconite pellets from 4 million tonnes to 7 million tonnes.

    Essar Steel Minnesota CEO and President Madhu Vuupuluri said production has been slowed at the Mesabi Iron Range facility while the company completes a transaction for $600 million of additional funding. 

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