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    Market Segment

    October 5, 2026

    CRU's Spoores weighs impact of proposed Mesabi Metallics steel plant

    Written by Ethan Bernard

    President Trump announced last week that Mesabi Metallics would be building the largest steel plant in the US in Iowa. The announcement from the White House surprised many, coming on the heels of Mesabi Metallics announcing that its iron ore mine in Minnesota was on the “precipice of production.” SMU sat down recently with CRU Research Principal Josh Spoores to get his take on the implications of the new plant.

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    Ethan Bernard

    Ethan Bernard is managing editor for Steel Market Update. He previously worked for American Metal Market as a copy editor in the New York office for two years, starting in 2008. Later, he copy edited AMM’s monthly magazine on a freelance basis from 2015 until 2017. With experience in financial copywriting and textbook publishing, he holds a BA in Comparative Literature from UC Berkeley, and an MFA in Creative Writing from New York University. He can be reached at ethan@steelmarketupdate.com or 724-759-7871.

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