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Trump hails $15 billion investment for 'largest steel plant' in US history

Source: Mysteel Sep 30, 2026 17:00

The Iowa state government announced on September 28 that Mesabi Metallics plans to build a new integrated steelworks which the government described as being the largest steel manufacturing investment in American history.

Iowa Governor Kim Reynolds and Mesabi Metallics Chairman Rewant Ruia announced the plan at the White House on the same day alongside President Donald Trump. The Iowa facility will have a steelmaking capacity of 7.5 million tonnes/year in its first phase, with total capacity planned to eventually reach around 10

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