Mesabi Metallics to build a $15B lower-carbon steel mill in Iowa
Published on September 29, 2026
The company behind America’s first new iron ore mine in 50 years has unveiled plans for a massive, $15 billion steel plant in southeast Iowa, bringing the firm closer to realizing its ambitious vision for low-carbon steelmaking. Mesabi Metallics , which is owned by India’s Essar Group, announced the project on…