10/02/2026
Lawmakers are in Des Moines today to debate incentives for the huge steel mill project. It clearly would be a boon to the region – across parts of three states – and I really hope it would be. God knows southeast Iowa needs a boost.
But there are many things to worry about: The company involved has a sketchy history of broken promises and poor finances. The announcement comes just before an election that the controlling party knows will be bad for it. The legislature is being asked to decide in one day about incentives for a plant that would take three years to build. The rush is inexplicable.
This federal administration has a history of making promises, boasting about accomplishments that never materialize, and leaving local residents and taxpayers behind. Let's take a breath and come back to this in January.
Mesabi Metallics, the company behind a proposed Iowa steel plant, and its parent, India's Essar Group, have a troubled history.