President Donald Trump announces $15 billion steel mill in Iowa

By: Robin Opsahl

Outlets: Iowa Capital Dispatch

Published: September 28, 2026

Words: 944

Last Updated: 2 weeks, 6 days ago

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President Donald Trump announced Monday the company Mesabi Metallics plans to build a $15 billion steel mill in Iowa, and said he’ll soon visit the state for a rally ahead of the Nov. 3, 2026, election.

Joined by Iowa Republicans, Mesabi Metallics leaders and members of his cabinet, Trump said the project will be the largest steel plant in the U.S., and one of the largest in the world. According to the White House, the …

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