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Trump to announce largest steel plant in U.S. history will be built in Iowa

The project is expected to create more than 5,000 construction jobs and 1,750 permanent positions, White House officials said.

  • On Monday, President Donald Trump will announce a $15 billion plan by Minnesota-based Mesabi Metallics to build a steel plant in Iowa over the coming years, a White House official said.
  • The project will feature full vertical integration, utilizing iron ore from Mesabi's new $2.5 billion Minnesota mine, with the facility expected to reach 10 million tons of steel annually by 2030.
  • Construction is expected to support 5,000 to 6,000 jobs, while the plant will create at least 1,750 permanent positions in Iowa and support U.S. defense projects, officials said.
  • The announcement arrives less than 40 days before midterm elections, with Iowa Republicans facing competitive races as the administration highlights the investment to promote domestic manufacturing.
  • Last year, the administration doubled tariffs on imported steel to 50%, and steel levies remain part of ongoing trade disputes the White House aims to address through domestic investment.
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219 Articles

Lean Left

President Trump is pinning part of his economic pitch on a massive new steel project in Iowa. Flanked by exercises from Mesabi Metallics at the White House on Monday, he's all the company's plan for a $15 trillion steel complex in eastern Iowa that the White House says could ring...

·Miami, United States
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Le Journal de MontrealLe Journal de Montreal
Lean Left

Donald Trump announced Monday the construction of a huge steel plant in Iowa (centre).

·Montreal, Canada
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Lean Left

The president takes over the project of an Indian mining company to launch a message for the mid-term elections

·Madrid, Spain
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Lean Right

Trump announces the construction of a historic steel plant in Iowa, key to the mid-term elections. The project will cost 15 billion. The project will use iron from the new mine in Minnesota, the first in 50 years. Republicans face electoral challenges in November.

·Buenos Aires, Argentina
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Reuters broke the news in London, United Kingdom on Monday, September 28, 2026.
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