Trump to announce largest steel plant in U.S. history will be built in Iowa

September 28, 2026 / 10:38 AM EDT / CBS News

Washington — President Trump on Monday is set to announce that the largest steel plant in U.S. history will be built in Iowa over the coming years, a White House official said.

The president and the Minnesota-based company Mesabi Metallics are expected to unveil the company's $15 billion plans in the Oval Office at 2 p.m. for what the White House is calling a mega steel plant. Once it's up and running in 2030, the plant is expected to produce 7.5 million or more tons of steel per year. A White House official said the plant is expected to create 1,750 permanent jobs in Iowa.

The Wall Street Journal was first to report the president's anticipated announcement of the new steel plant.

"President Trump is delivering on his promise to rebuild American industry, re-shore manufacturing, and create new jobs," said White House spokeswoman Taylor Rogers. "Today's announcement underscores the President's historic efforts to revitalize the U.S. steel industry — supporting local communities, strengthening supply chains, and protecting our national security. After decades of decline, this president is restoring America's industrial competitiveness and securing trillions of dollars in new investment."

Mesabi…

Original source: https://www.cbsnews.com/entertainment/