Essar to set up three plants in Middle East

Indian steelmaker Essar Group is planning to set up three steel plants in Middle East by investing $1.5 billion as part of its regional expansion plans. Essar has signed a 50:50 joint venture agreement with Qatar Steel Company to set up 1.5 million tons steel plant, 1 million tons rolling mill at Hamriyah Free Zone in Sharjah and 1.5 million tons steel plant in Iran.