Trump to Unveil Largest U.S. Steel Plant in Iowa, Worth Billion

Trump to Unveil Largest U.S. Steel Plant in Iowa, Worth $15 Billion

President Trump to announce $15B steel plant in Iowa, creating 1,750 jobs and boosting domestic manufacturing.

September 28, 2026 One Min Read

POLICY WIRE — Washington, United States — President Donald Trump is scheduled to reveal the construction of the largest steel plant in U.S. history in Iowa, according to a White House official. The project, led by Minnesota-based Mesabi Metallics, will be unveiled in the Oval Office at 2 p.m. on Monday.

The facility, valued at $15 billion, is expected to produce over 7.5 million tons of steel annually once operational in 2030. It will generate 1,750 permanent jobs in Iowa, marking a major industrial development for the state. This announcement aligns with the president’s broader efforts to revitalize American manufacturing and reduce reliance on foreign steel.

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The White House highlighted the significance of the project as part of its trade strategy, which includes increased tariffs on imported steel. Mesabi Metallics plans to source iron ore from a new $2.5 billion mine in Minnesota. The plant could also support future U.S. defense initiatives. The announcement comes ahead of the midterm elections, with Iowa Republicans closely watching key races.

Reporting by Policy-Wire (PW)

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