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Mesabi Metallics plans $15B steel plant in Iowa · Endata

◂ Announcements

Sep 28, 2026NEW FACILITYIowa, United States

Mesabi Metallics plans $15B steel plant in Iowa

Mesabi Metallics announced plans to invest about $15 billion to build a steel plant in Iowa, with first phase capacity of 7.5 million tons per year, aiming to begin production in 2030.

Value

$15.0B

Jobs

1,750

Starts operating

2030

Status

Announced

Capacity

7.5 million tons per year (first phase), 10 million tons per year (eventual)

Productssteel

CompaniesMesabi Metallics Company LLC

Sectors#Steel and Metal Products

“The steel plant is planned to be built in Iowa and aims to begin production in 2030.”skepticsociety.co.uk

1 source
skepticsociety.co.ukTrump unveils $15 billion Mesabi Metallics Iowa steel plant plans - Skeptic Society MagazineSam FloresSep 28, 2026

Summarized from public sources; check the original articles before acting on it.

More from Mesabi Metallics Company LLC

May 8, 2026INVESTMENTNashwauk, Minnesota, United States$110.0Mops Q3 2026
Mesabi Metallics commissions Komatsu shovel as part of USD 110M mining equipment investment
Mesabi Metallics Company LLC Komatsu supplier mesabimetallics.com
Aug 22, 2025INVESTMENTNashwauk, Minnesota, United States$110.0Mops Q1 2026
Mesabi Metallics invests $110M in Komatsu mining equipment for Minnesota mine
Mesabi Metallics Company LLC Komatsu supplier miningconnection.com
Aug 11, 2025CONTRACTNashwauk, Minnesota, United States$110.0M
Mesabi Metallics orders $110M Komatsu equipment fleet
Komatsu supplier Mesabi Metallics Company LLC customer e-mj.com
Jul 16, 2025CONTRACTNashwauk, Minnesota, United States$110.0M
Mesabi Metallics orders $110M mining equipment from Komatsu
Komatsu supplier Road Machinery & Supplies Co. partner businessnorth.com
Jul 14, 2025CONTRACTNashwauk, Minnesota, United States$110.0M
Mesabi Metallics orders $110M mining equipment fleet from Komatsu
Komatsu supplier Road Machinery & Supplies Co. partner mesabimetallics.com

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