The Latest Breaking News from Mesabi

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 · 2h ago

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 · 13h ago

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