Essar Steel late on $10 million reimbursement to the state

Essar Steel Minnesota has reneged on another promise to the state of Minnesota, this time failing to make a $10 million payment that was due late last week.

The company, building an Iron Range taconite operation, made a deal with Gov. Mark Dayton in December to pay back the $66 million in economic incentives it had received for its Nashwauk project because it failed to meet several of the project deadlines, even when renegotiated.

http://www.startribune.com/essar-steel-misses-another-state-deadline/374692501/