The North Atlantic Iron Corporation (NAIC) is a development-stage industrial company established to produce high-quality low-cost merchant pig iron (MPI) from traditional and non-traditional raw material sources.

Petmin holds 40% of NAIC.

NAIC will take advantage of low-cost energy in North America, and process-specific differentiators such as the use of low-grade coal.

NAIC’s strategy is to become a pig iron manufacturing company and the dominant supplier of merchant pig iron (MPI) to the Western Hemisphere’s electric arc furnace (EAF) steel making industry.