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Filling a critical gap in the U.S. steel supply chain with domestic production
North American Iron is positioning itself to address a major supply gap in the U.S. steel market by producing pig iron—an essential, 100% iron input used by mills and foundries. With the U.S. industry consuming around 50 million tonnes annually, the ability to supply 2 million tonnes domestically offers strategic value amid tightening supply chains and record demand. The company’s approach aims to reduce dependence on imports and help stabilize pricing and supply for U.S.-based manufacturers.
With pig iron among the most commoditized and essential components in steel production, the potential for localized production could reshape sourcing strategies across the industry. As global logistics remain strained and cost pressures mount, the company's forward-looking production plan aligns with long-term trends toward reshoring critical materials.
Key Points:
- Targeting 2 million tonnes/year of domestic pig iron production
- U.S. demand currently at 50 million tonnes annually
- Reducing reliance on foreign imports amid strong market demand
- Positioned to support domestic steel mills and foundries
For more information on North American Iron, please click the request investor info button.
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