Mesabi Nugget, the iron nugget plant under construction in Hoyt Lakes, has announced that it will delay operational start-up until the fourth quarter of this year instead of August as originally planned. This is from today’s Mesabi Daily News.
The delay comes amid a global recession and the continued lagging steel prices, a situation that has all Iron Range taconite mines in some version of a shutdown right now. Mesabi Nugget currently employs a few dozen people with plans to bring on a few dozen more for the initial start-up. Naturally, the subsequent renaissance of the iron and steel industries will create hundreds more jobs under the grand plan.
2 responses to “Mesabi Nugget announces delay in start-up”
I’m quite sure you meant steel prices are foundering not “floundering.” Though companies dealing with foundering prices are floundering about trying to cope.
I changed it to “lagging” because I’m not interested in the argument. 🙂