Mesabi Metallics plans $15B low-carbon steel mill in Iowa

India's Essar Group-backed Mesabi Metallics, developer of the first new U.S. iron ore mine in 50 years, announced a $15 billion steelmaking facility in Iowa as part of its strategy to produce lower-carbon steel for domestic markets.

First covered Sep 29, 2026 · 1:26 PM PT · 1 article

Mesabi Metallics plans $15B low-carbon steel mill in Iowa — Image via canarymedia.com

Coverage

19h Canary Media Mesabi Metallics to build a $15B lower-carbon steel mill in Iowa — 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…

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Appeared in: 2026-09-30 (#13)

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