White House / President·Economy

Trump announces $15 billion Mesabi Metallics steel complex for Iowa — largest U.S. steel plant ever

Published 5:00 PM CT, Wednesday, September 30, 2026 · Updated 5:10 PM CT
In the 5 PM CT update

President Donald Trump announced a $15 billion Mesabi Metallics steel complex coming to Iowa, described by the White House on Wednesday as the largest steel plant ever built in the United States. The project is projected to create 1,750 permanent jobs, support up to 6,000 construction jobs, and generate an estimated $95 billion in U.S. economic output over construction and the first decade of operations, according to the White House release. Iowa Gov. Kim Reynolds and members of Iowa's congressional delegation praised the investment; Mesabi Metallics Chairman Rewant Ruia said the Iowa mill would complete an integrated American supply chain from mine to mill.

• Mesabi Metallics
• Iowa
• Steel
• Donald Trump
• Manufacturing
• Kim Reynolds
• Lee County
• Jobs
• Section 232
• Iron ore
• White House
• American steel
• United States