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    Government/Policy

    November 11, 2026

    Mesabi Metallics gets preliminary OK on tax incentives for Iowa mill

    Written by Ethan Bernard

    Mesabi Metallics has received preliminary approval for tax incentive terms for a proposed steel plant in Iowa, following a Nov. 10 meeting of the Lee County Board of Supervisors.

    The company, owned by India’s Essar Group, announced in late September its intention to build an electric-arc furnace steel plant in the state, which, if built, would be the largest in the US.

    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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