Trump announces Iowa steel mill
The gist
Trump will announce a $15 billion Mesabi Metallics steel mill in Iowa.
The plant would be the first US mega-steel mill since the 1960s.
How it unfolded
- Sep 28, 2026The Wall Street Journal first reports that Trump will unveil a planned $15 billion Iowa steel project.
- Sep 28, 2026Trump is expected to announce the Mesabi Metallics project at a 2 p.m. ET White House event with Commerce Secretary Howard Lutnick, CEO Joe Broking, Export-Import Bank Chairman John Jovanovic and other business leaders.
- Sep 28, 2026A White House official says the mill would initially produce 7.5 million tons a year, later up to about 10 million tons, with first production expected in 2030 and 1,750 new jobs in Iowa.