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#Steel

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Oct 8Thu
  1. Supply Chain Dive10

    Trump announces Mesabi Metallics plans for $15B steel mill in Iowa

    President Donald Trump announced on Sept. 28 that Minnesota steelmaker Mesabi Metallics plans to invest $15 billion in Iowa to build what would be the largest U.S. steel mill, adding 10 million tons of annual steel production capacity and 1,750 jobs, with steel production set to begin in 2030. The company, backed by India-based Essar Group, recently opened an iron ore mine in Minnesota that will supply pellets to the Iowa mill, and has agreed to spend an additional $3 billion to complete that mine in Nashwauk, Minnesota.

Oct 2Fri
  1. pv magazine USA22

    McKinsey report finds fragmented trade raises U.S. solar and storage costs

    McKinsey & Company's Global Energy Perspective 2026 finds that under its "Fragmented Energy Order" scenario, tariffs and trade restrictions raise U.S. clean-technology costs, with battery energy storage facing the largest premium among low-carbon assets at a 40% to 50% increase in capital expenditure, driven by cathode material tariffs, critical mineral bottlenecks and supply chain localization barriers. The report says broad duties on steel and aluminum add indirect capital costs to balance-of-system components, including aluminum frames, which it puts at roughly 14% of total solar panel production costs, and steel used in ground-mounted tracking and racking.

Sep 30Wed
  1. White House · Releases8

    White House announces $15 billion Mesabi Metallics steel complex in Iowa

    The White House announced that a $15 billion Mesabi Metallics steel complex is coming to Iowa, described as the largest steel plant ever built in the United States, with 1,750 permanent jobs, up to 6,000 construction jobs and an estimated $95 billion in U.S. economic output over construction and the first decade of operations. Mesabi Metallics CEO Joe Broking said the project combines direct-reduction grade iron ore pellet from Minnesota's Iron Range with DRI to EAF steelmaking in Iowa. The announcement does not state an effective date, a start of construction or any change to tariff or entry requirements.

Sep 28Mon
  1. White House · Releases12

    White House announces $15 billion Mesabi Metallics steel mill in Iowa

    The White House announced that President Trump is backing a $15 billion Mesabi Metallics steel mill in Iowa, which will produce 7.5 million tons of steel per year in its first phase, rising to about ten million tons, using iron ore from the company's newly opened Minnesota mine. The release says the project will create 1,750 permanent Iowa jobs and support up to 6,000 construction jobs, and states that the administration reversed prior policies that had blocked mining projects, including the 2016 denial and 2022 cancellation of federal lease renewals for a northern Minnesota copper-nickel mine and a 20-year mining ban across 225,504 acres of the Superior National Forest.