CEO Clips - North American Iron: Rebuilding U.S. Steel Supply from the Ground Up

Reviving Domestic Pig Iron Production to Meet Critical Industrial Demand

Steel is in everything—from skyscrapers and silverware to manufacturing equipment and infrastructure. Yet, despite its importance, the U.S. relies on importing nearly 50 million tons annually, a figure that highlights a critical gap in domestic production. North American Iron plans to change that by building the first pig iron production facility in the United States. Pig iron is a premium-grade feedstock used in steelmaking, known for its high purity and reliability—especially compared to alternative iron sources with higher impurities.

Following the disruption of pig iron imports due to the Russia-Ukraine conflict, the U.S. market has faced a growing need for domestic supply. North American Iron aims to meet that need with a clear path forward. With permitting expected to be completed by 2026 and production targeted for 2029, the company is laying the groundwork to supply a vital material at home and help fortify America’s industrial independence.

Key Takeaways:

• First domestic pig iron producer in the U.S. in development
• Aims to reduce reliance on foreign iron imports, currently at 50M tons/year
• Pig iron is a high-purity feedstock essential to steel production
• Market demand has surged since the Russia-Ukraine supply disruption
• Permitting projected to complete in 2026, with production beginning in 2029

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