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Mesabi Metallics Creates a Fully Integrated American Steel Company, Uniting Minnesota Mine and Iowa Steel Complex
Mesabi Metallics/US announced in September an USD 18 billion investment to build a fully integrated steel company, uniting its iron ore mine on Minnesota’s Mesabi Iron Range with a new steel complex in Iowa. Mesabi will invest USD 15 billion to build the Iowa facility, in addition to the USD 3 billion being spent to complete the iron ore mine in Minnesota. Creating the largest single investment in a steel complex in American history, the project will drive job creation in Minnesota and Iowa, deliver meaningful economic growth across the Midwest, and reshape American steelmaking with a supply chain that is 100% American: mined, melted and poured.
Mined in Minnesota
Mesabi Metallics’ iron ore mine on Minnesota’s Mesabi Iron Range is the first new iron ore mine built in the United States in 50 years, with close to USD 3 billion invested. Located in Nashwauk, Minnesota, the mine will produce Patriot Pellet, the company’s direct-reduction-grade (DR-grade) iron ore pellet engineered for modern electric arc furnace steelmaking – one of the highest-quality iron ore pellets made anywhere in the world. More than 1500 construction workers are on site today, alongside over 200 full-time employees already working at the mine, building towards 350 full-time jobs once fully operational. That iron ore – and the Patriot Pellet made from it – will feed directly into the Iowa steel complex, the next link in a fully domestic, mine-to-mill supply chain.
Steelmaking in Iowa
Mesabi Metallics’ investment will provide a wide range of benefits to the state of Iowa, the Midwest and nationally.
- The company will make a USD 15 billion investment to build the new complex in Iowa, creating over 6000 jobs during construction while utilizing local vendors to support additional job growth throughout the area.
- Once the plant is operational, Mesabi Metallics will employ at least 1750 full-time team members while continuing to work with suppliers and businesses throughout Iowa and the Midwest.
- During construction and the first 10 years of full operations, Mesabi Metallics’ investment in American-made steel will produce USD 95 billion in total economic output – supporting businesses, workers, and communities across the region.
Innovation and Sustainability
Through innovation and new technologies, Mesabi Metallics’ integrated steel complex in Iowa will be one of the most efficient and environmentally friendly facilities in the world. The complex will utilize hot direct-reduced iron (DRI) and electric arc furnace (EAF) technology that will significantly lower energy usage and reduce emissions.
- DRI technology involves taking the iron ore mined in Minnesota, removing oxygen at temperatures below its melting point, and creating solid metallic iron. Feeding the DRI into the electric arc furnace while it is still hot reduces the energy required to melt it, improving the efficiency and productivity of the steelmaking process.
- EAF technology is a more efficient, cost-effective way to produce steel. This facility’s EAFs will be fed with a mixture of hot, freshly reduced iron from the plant’s own DRI process and scrap steel – reducing energy use and emissions compared to traditional blast furnaces.
Reshaping American Steelmaking
Steel manufacturers in the United States primarily rely on two production processes: integrated blast furnace mills that utilize iron ore from American mines, and highly efficient electric arc furnaces that recycle scrap and imported iron into steel. Mesabi Metallics builds on the strengths of both, by pairing domestic iron ore from its new mine in Minnesota with a modern electric arc furnace steelmaking complex in Iowa. That combination will allow Mesabi Metallics to cost effectively produce a fully domestic, sustainable, high-quality finished steel product.
www.mesabimetallics.com