Summary
President Donald Trump announced plans for a new $15 billion steel plant in eastern Iowa. The project, led by Mesabi Metallics, aims to boost American steel production and support local jobs.Key Facts
- The steel plant will cost $15 billion to build.
- It will be one of the largest steel plants in the United States.
- Mesabi Metallics, a company from Minnesota, is building the plant.
- Mesabi Metallics is owned by Essar Group, a company based in India.
- President Trump will meet steel executives at the White House for this announcement.
- The project is part of efforts to strengthen American steel production.
- The announcement comes ahead of competitive political races in Iowa.
- The news was first reported by The Wall Street Journal.
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