09/28/2026
My statement on Mesabi Metallics decision to build a $15 billion steel plant in Iowa.
ST. PAUL, Minn. — State Sen. Robert Farnsworth (R-Hibbing), chair of the Iron Range Resources and Rehabilitation Board, today warned that Minnesota’s tax burden and slow, lawsuit-driven permitting system are once again pushing family-sustaining manufacturing jobs out of the state, even as Mesabi Metallics begins production at Minnesota’s first new iron ore mine and pellet plant in nearly 50 years.
The company announced today they are building $15 billion steel plant – the largest in U.S. history, in Iowa. The plant will lead to 5,000-6,000 construction jobs and 1,750 permanent jobs at the plant.
“Minnesota iron should turn into Minnesota steel by Minnesota workers. But the regulations and taxes from Minnesota Democrats are shipping the iron – and jobs – out of state to Iowa. This announcement comes as no surprise to those of us who have seen firsthand just how hard Minnesota government makes manufacturing and mining. I have been saying for years that we need better permitting transparency and accountability. We cannot keep pretending that the highest taxes and the longest reviews are a jobs strategy.”
Farnsworth has backed permitting reform so companies that follow the rules receive a timely decision, and he has co-authored legislation declaring Minnesota a mining-friendly state. He said he will keep pressing DFL leadership and state agencies to modernize review timelines, stop moving the goalposts on standards, and make Minnesota competitive for the downstream steel jobs Mesabi’s pellets were built to feed.
“This ore is Minnesota’s. These jobs should be Minnesota’s,” Farnsworth said. “Losing the steel mill to Iowa because we taxed it and permitted it to death is on us, not on the market.”