There are no locking collars to hold the steering shaft like that.
There is a bearing mounted on the front end of the steering shaft, and the cap holds that bearing in place. Nothing should be grinding on that cap.
It sounds like that bearing has failed. Either siezed or completely collapsed.
How much of the plug is actually left? Does any of it protrude from the front of the gearbox?
Perhaps you can drive it around in a circle using a hammer and cold chisel. All you need to do is get it moving. It's a tapered thread and will spin out as soon as it loosens.
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Today's Featured Article - Trenching With a Plow - by Staff. Introduction: This interesting information came from one of the discussion forums here at YT. We thought we should place it up front so it could be read by anyone interested in putting old iron to work. [Editor] I tried something new today, and it worked so well I thought I should post it - in case it might help someone else. I'm running 100 yards of 4" drain pipe from the gutter downspouts of our house to a pond down the hill. This should hel
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