Trump announces 15 billion dollar steel mill project in Iowa

President Trump announced on Monday that a large steel mill will be built in Iowa. The company behind the project is Mesabi Metallics, based in Minnesota. The total investment is $18 billion, with $15 billion going to the steel plant itself.

The facility could start producing steel in 2030. At first, it would make 7.5 million tons of steel per year, but that could grow to 10 million tons. The plant would create more than 1,700 jobs and become one of the biggest steel plants in the United States.

Trump made the announcement at the White House with company and government officials. Iowa has several important elections in November, including races for governor and Senate seats. Mesabi Metallics recently opened Minnesota's first new iron ore mine in 50 years.