Trump to announce $15 billion Iowa steel project amid tough midterm climate

Published September 28, 2026 11:30am ET | Updated September 28, 2026 2:19pm ET



President Donald Trump on Monday will announce a $15 billion project— the largest steel plant in American history — to be built by Mesabi Metallics in Iowa, a White House official confirmed to the Washington Examiner.

The event will take place at the White House, where Joe Broking, CEO of Mesabi Metallics, Rewant Ruia, chairman of Mesabi Metallics, and other officials of the group will join the president and Commerce Secretary Howard Lutnick.

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