Trump to announce largest steel plant in U.S. history will be built in Iowa
Also reported by The Hill
Summary
President Trump will announce that the largest steel plant in U.S. history, costing $15 billion, will be built in Iowa. The plant is expected to create 1,750 permanent jobs and produce over 7.5 million tons of steel per year by 2030.Key Facts
- The steel plant will be built by Minnesota-based company Mesabi Metallics.
- It is the first mega steel plant built in the U.S. since the 1960s.
- The plant is expected to create 1,750 permanent jobs in Iowa.
- It will produce 7.5 million or more tons of steel annually once operational.
- Iron ore for the plant will come from Mesabi Metallics's new $2.5 billion mine in Minnesota.
- The project supports President Trump’s plan to boost U.S. manufacturing and protect steel industry jobs.
- Last year, President Trump doubled tariffs on imported steel to 50% to support domestic production.
- The steel is expected to support U.S. defense projects in the future.
