Trump announces $15 billion steel mill in Iowa

Plant to be built in Lee County; construction slated for 2030

Robin Opsahl, Iowa Capital Dispatch
Posted 9/29/26

President Donald Trump announced Monday the company Mesabi Metallics plans to build a $15 billion steel mill in Iowa, and said he’ll soon visit the state for a rally ahead of the Nov. 3, 2026, election.

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