Brief

Trump to unveil $15 billion steel mill in Iowa, pledging 1,750 jobs

The project, led by Mesabi Metallics, will use iron ore from a new Minnesota mine and aims to boost domestic steel production.

By Felo News Desk · Published Mon, 28 Sep 2026 20:37:56 GMT

President Donald Trump is set to announce a $15 billion steel mill in Iowa on Monday, a White House official said. The plant, to be built by Minnesota‑based Mesabi Metallics, will use iron ore from a new mine the company is investing $2.5 billion to develop in Minnesota. The mine is expected to come on line in the coming weeks and produce about 7.5 million tons of iron per year, creating roughly 350 jobs in the state.

The Iowa facility is projected to start production by 2030 and could ultimately produce 10 million tons of steel annually. It will create as many as 1,750 permanent jobs in Iowa, the official said. The plant will also be capable of supporting defense sector requirements for high‑grade steel.

White House spokeswoman Taylor Rogers said the announcement would "deliver on the President’s promise to rebuild American industry, re‑shore manufacturing and create new jobs". The project is part of the administration’s focus on domestic manufacturing ahead of the November mid‑term elections.

The Wall Street Journal was the first outlet to report the announcement. The plan has been described by the White House as the "largest steel plant in U. S. history".

Key facts

Project cost $15 billion (independent.co.uk)
Plant will produce up to 10 million tons of steel a year (nbcnews.com)
Mine will produce 7.5 million tons of iron per year (nbcnews.com)
Plant will create 1,750 permanent jobs in Iowa (cbsnews.com)
Mine will create 350 jobs in Minnesota (nbcnews.com)

Background

The project follows President Trump’s broader strategy to revive U. S. manufacturing and strengthen supply chains, as highlighted in recent coverage of his administration’s industrial initiatives.

Why it matters

The plant would represent a significant investment in domestic steel production, potentially reducing reliance on imported steel and supporting national security supply chains.