Mesabi Trust (MSB)

Mesabi Trust (MSB) is a Steel company in the Basic Materials sector listed on the NYSE.

As of Oct 23, 2026: market cap $235M; returns 1 day -5.4%, 1 week +2.0%, 1 year -48.5%.

Mesabi Trust (MSB) is a passive royalty trust established in 1961, holding royalty interests in iron ore properties on Minnesota's Mesabi Iron Range. Its revenue is derived almost exclusively from royalties paid by Northshore Mining Company, a subsidiary of Cleveland-Cliffs Inc. (CCI), for taconite pellets mined from the Peter Mitchell Mine.

Groups MSB belongs to

• Dividend Payers
• 25-Year Dividend Payers
• Royalty Streams
• Metals and Mining
• Natural Resources
• Commodities
• Basic Materials
• Materials Sector
• Asset-Light Model

MSB financial model: income statement, cash flow and balance sheet