Can America bring iron production back home? Billion-dollar bet explained

America imports millions of tonnes of pig iron every year — a critical ingredient in steelmaking. But what if that could change?

During PDAC 2026, our Editor in Chief sat down with Jim Bougalis, founder and CEO of North American Iron, a company aiming to build one of the most ambitious iron production facilities in the United States. It’s a multi-billion-dollar bet on reshoring heavy industry, strengthening domestic supply chains, and competing on a global scale.

Mr. Bougalis talked about cost competitiveness, execution risk, sustainability, and what it really takes to build large-scale manufacturing in America today.

Watch the full video here: