Trump touts $15 billion 'Largest in History' US steel plant in Iowa
US President Trump announces a $15 billion mega-steel plant in Iowa by Mesabi Metallics, set to be the largest in U.S. history by 2030
U.S. President Donald Trump has announced plans for a landmark $15 billion steel plant in Iowa, hailed as the largest manufacturing project of its kind in U.S. history.
Built by Mesabi Metallics and fueled by domestic iron ore, the mega-facility aims to supercharge American industrial production.
US President Donald Trump has announced plans for a landmark $15 billion mega-steel plant in Iowa, hailing it as the largest manufacturing project of its kind in United States history.
Joined at the White House by executives from Mesabi Metallics—a subsidiary of India’s Essar Group—and Iowa state officials, the administration framed the massive investment as a major victory for domestic industrial policy.
As reported, the upcoming facility, slated for southeastern Iowa, will process iron ore sourced from Minnesota operations.
US manufacturing activity has picked up over the last year, with Federal Reserve industrial production data showing output growing by the most in around four years.
Factory employment, which fell by 113,000 in Trump's first year back at the White House, has also rebounded a bit this year, rising by 56,000 through August, according to the Bureau of Labor Statistics.
The new project will be fully vertically integrated, with Mesabi using iron ore from its Minnesota mine to produce steel in Iowa.
The first phase will produce 7.5 million tons of steel annually, with the plant eventually expected to reach 10 million tons, which the White House described as the largest steel plant in US history.
Officials project the project will generate thousands of construction positions alongside nearly 2,000 permanent manufacturing and mining jobs.
Once fully operational by 2030, the plant is projected to produce up to 10 million tons of high-grade steel annually.
