Jobs and economy

Our vital role in Minnesota

Minnesota’s mining industry plays a vital role in our state’s future and our global economy.

An essential fixture on the Iron Range, U. S. Steel’s Minnesota Ore Operations – consisting of Minntac and Keetac in northeastern Minnesota – produces iron ore pellets. The Minntac mine in Mountain Iron, MN, is America’s largest single iron mining operation. U. S. Steel invests in its operations and employees to meet the growing needs of modern steelmaking. In 2022, U. S. Steel started construction on a $150 million direct reduced (DR)-grade pellet system at Keetac, which will supply the fastest growing segment of domestic steelmaking.

Steel manufacturing gives us products like cars, home appliances and food cans that we rely on every day. Our people and technologies have a significant impact on Minnesota’s economy, ranging from high-quality jobs and benefits to tax revenues, spending with Minnesota companies, and charitable giving. We are proud to support many important causes here at home and beyond – from regular employee fundraisers that benefit our community to donations that fund education and infrastructure on the Iron Range.

ECONOMY highlights




Annual payroll


Annual business done with 375 Minnesota suppliers/vendors


Annual health care and pension benefits

“Minnesota’s steel industry exemplifies who we are as a state – it is baked into our culture and history. I’m proud to support this major investment in a nation-leading sector of our economy, and I look forward to working with our local and federal partners to continue innovating, diversifying and expanding northern Minnesota’s economy.”

Gov. Tim Walz on the Keetac DR-grade pellet investment
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