Trump Announces Mesabi Metallics' $15 Billion Iowa Steel Plant
Summary
- President Donald Trump announced Mesabi Metallics' plan to build a $15 billion steel plant in Iowa.
- The White House said the completed plant would produce as much as 10 million tons of steel a year and create at least 1,750 permanent jobs in Iowa.
- The plant is targeting a 2030 start of production, and the first phase of construction is set to create 5,000 to 6,000 construction jobs.
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President Donald Trump announced Mesabi Metallics' plan to build a $15 billion steel plant in Iowa.
Cointelegraph reported on September 28 that Trump said the company plans to build a large steel production facility in the state. The project is valued at about $15 billion.
The White House said the plant would be capable of producing as much as 10 million tons of steel a year once completed and would create at least 1,750 permanent jobs in Iowa.
The facility is targeting a 2030 start of production. The first phase of construction is set to create 5,000 to 6,000 construction jobs.
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