Trump to announce massive steel plant in Iowa
Summary
President Donald Trump will announce that Mesabi Metallics, a company from Minnesota, plans to build a $15 billion steel plant in Iowa. The company also invested $2.5 billion in a new large iron ore mine in Minnesota.Key Facts
- Mesabi Metallics is planning to build a steel mill in Iowa worth $15 billion.
- The company recently invested $2.5 billion in an iron ore mine in Minnesota.
- The iron ore mine has a capacity of 7.5 million tons.
- Company executives will join President Trump at the White House for the announcement.
- The steel plant project is part of a larger effort to boost U.S. steel production.
- The announcement is scheduled for Monday.
- The investment is expected to create jobs in Iowa and Minnesota.
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