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Minnesota Steel Industries. Low cost, high quality steel spacer image spacer image spacer image
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Project Description    
 
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Minnesota Steel Home Page

 

Minnesota Steel
Industries, LLC

Part of the Essar Steel
Holdings Limited group
of companies.

Essar

 
Minnesota Steel is developing a $1.6 billion fully integrated, onsite, mining through steelmaking project on the Mesabi range in northern Minnesota. It is designed to produce up to 2.5 million tonnes of steel products each year and employ up to 700 people.

Minnesota Steel will use all commercially proven and well established technologies. They will be the latest and most environmentally sensitive, utilizing natural gas and electricity to produce steel. Having all processes on one site allows Minnesota Steel to minimize product movement and maximize energy savings. This, combined with our captive iron ore resource, will result in Minnesota Steel being the low cost steel producer in North America.

Minnesota Steel also will be well positioned to capitalize on a strong market demand in the USA for high quality steel products, which currently is being met by overseas imports and is expected to grow over the next several years.

The main components of the project are:

  • A captive, open pit iron ore mine
  • Onsite processing of the ore to produce high grade concentrate
  • Iron pellet production in a 4.1 million tonne facility
  • Production of up to 2.8 million tonnes of Direct Reduced Iron (DRI)
  • Construction of a new 2.5 million tonne steel manufacturing facility including:
    • Electric Arc Furnaces
    • Thick slab casters
    • Thin soft reduction slab casters
    • Vacuum degassing and ladle treatment furnaces
    • Hot rolling mills