Trump to announce massive steel plant in Iowa

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White House Headlines - September 28, 2026

White House Headlines - September 28, 2026

President Trump is set to announce Monday that a Minnesota company plans to build a $15 billion steel mill in Iowa.

Mesabi Metallics also recently invested $2.5 billion in a new 7.5 million-ton iron ore mine in Minnesota. The company’s executives will be present with Trump at the White House to unveil the project.

The steel plant could see its first production in 2030, and the eastern Iowa site will be the largest of its kind in U.S. history, according to a White House official. Once fully functional, it could produce 10 million tons of steel per year.

The Wall Street Journal was the first to report on the announcement.

“President Trump is delivering on his promise to rebuild........

© The Hill