 Northeastern Minnesota’s taconite industry is back at full strength.
With United States Steel Corporation’s Dec. 29 announcement that its idled Keetac facility will restart in March, all six Iron Range taconite plants will be operating for the first time since May 2015.
“This is great news for Keetac’s workers, for the Range, and for all of Minnesota,” said Gov. Mark Dayton of the Keetac restart.
A surge in unfairly traded steel imports coupled with low iron ore and steel prices, impacted Iron Range taconite facilities in 2015 and 2016.
Three of the six taconite facilities were at one time or another idled during the downturn. Thousands of miners and support industry employees were laid off during the idlings.
Northeastern Minnesota’s six taconite plants, Minntac Mine, Hibbing Taconite, United Taconite, Keetac, Northshore Mining Co., and Arcelor Mittal Minorca, have an annual capacity of about 40 million tons of iron ore pellets.
Total iron ore pellet production at the six facilities for 2016 is expected to be close to 30 million tons.
Three Iron Range iron unit producers, Magnetation, Mining Resources, and Mesabi Nugget, remain idled.
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