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MYSTERIOUS: Mesabi | Mind Blowing Facts

Iowa lawmakers to vote on raising tax incentive cap for a $15B steel plant

Iowa lawmakers are set to return to the Statehouse Friday to consider expanding state tax incentives

The Independent UK · Oct 2

Trump Unveils $15B Iowa Steel Mill Project Ahead of Competitive Midterms

Trump unveiled a $15 billion Iowa steel mill by Mesabi Metallics. See what's confirmed on jobs, financing and tariffs—and what's still unsettled.

Latin Times · Sep 29

'Is He Resigning?': Predictions Pour in Before Trump Reveals $15BN Iowa Steel Plant Announcement

Donald Trump unveiled a $15 billion Iowa steel plant after a vague White House announcement triggered resignation jokes and wild predictions online.

International Business Times UK · Sep 29

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From India to Iowa: Ruias return to steel with an ambitious $18 billion US bet

Ruias are planning a new steel venture in Iowa. This project involves a $15 billion steel plant, aiming to produce 10 million tonnes annually. Financing has already been secured for the Minnesota iron-ore mine, which is integral to the operation. The plant is expected to create around 1,750 permanent jobs…

The Economic Times · Sep 29

Trump Touts $15 Billion 'Largest in History' US Steel Plant Then Appears To Doze as Its Chairman Speaks

Trump announced a $15 billion Iowa steel plant as the largest in US history, then appeared to nod off as its Indian owner spoke. The jobs will not arrive until 2030.

International Business Times UK · Sep 29

Trump to Unveil $15 Billion Steel Plant: The Iowa Project Would Be Largest of Its Kind in U.S. History

The planned facility will be built by Mesabi Metallics, a Minnesota-based company owned by India's Essar Group.

International Business Times · Sep 28

Mesabi Metallics Monetizes Portion of Royalty Interest for $265 Million

NASHWAUK, Minn., June 2, 2026 /PRNewswire/ -- Mesabi Metallics Company LLC (Mesabi Metallics), backed by Essar Group, has agreed to sell 50% of its royalty interest to The Metals Royalty Company Inc. (TMCR) for total consideration of $265 million, implying a valuation of more than $500 million for the royalty…

AAP · Jun 2

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Minnesota Supreme Court rejects Mesabi Metallics' bid to keep critical iron ore leases

The Minnesota Supreme Court has upheld the state's decision to terminate mineral leases for Mesabi Metallics' long-delayed iron ore project near Nashwauk.

Tribune News Service · Jan 18, 2023

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