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Largest U.S. Steel plant being built in Iowa

By KCRG Staff
Published: Sep. 28, 2026 at 7:14 AM PDT|Updated: 21 hours ago
CEDAR RAPIDS, Iowa (KCRG) - President Donald Trump announced America’s largest-ever steel plant will be built in southeast Iowa.

Mining company Mesabi Metallics and Iowa leaders gathered for the announcement at the Oval Office Monday afternoon.

The White House says the announcement is part of Trump’s efforts to revitalize the U.S. steel industry.

The $15 billion mega steel plant will produce an estimated 10 million tons of steel each year once it’s fully online by 2030, with capacity to support the U.S. defense sector. In addition to the $15 billion plant, $3 billion will be dedicated toward the completion of an iron ore mine in Minnesota.
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Nanoose · 70-79, M
How many new factories did Trump promise that didn't materialize?

Here is just one of Trump's promise of new factories.

Trump and his administration promised a $10 billion investment by Foxconn to build a new manufacturing complex and create 13,000 new jobs. Trump and senator, Ron Johnson showed up at the proposed site holding golden shovels while promising to build the eighth wonder of the world. What happened - they dug a hole with those golden shovels and then that was the end of the project.
The failure of the Foxconn facility is part of an over all downward trend in manufacturing under Trump’s administration.
Midlifemale · 61-69, M
@Nanoose that's BS
Midlifemale · 61-69, M
@Nanoose Foxconn failed...and had nothing to do with the administration.
SunshineGirl · 41-45, F
@Midlifemale It took you three minutes to realise that this was in fact not BS (the factory never materialised) and to transfer blame from the administration to the corporation 🤣
DogMan · 61-69, M
DR-grade iron ore pellets produced at Mesabi Metallics' mining and processing facility near Nashwauk, Minn., will feed the steel mill.

The steel mill will be built in Lee County, Iowa.

Lee County is the southeastern-most county in Iowa and borders the Mississippi River.

Construction of the steel mill will create about 5,000 to 6,000 construction jobs, according to U.S. Secretary of Commerce Howard Lutnick.

Nearly 2,000 permanent jobs would be created at the mill, he said.

It would generate about $95 billion to the U.S. economy, Lutnick said.

Essar Group, the parent of Mesabi Metallics, will finance construction of the steel mill, Lutnick said.

A total of about $18 billion will be invested to build the Minnesota mine and processing facility along with the $15 billion steel mill, according to Mesabi Metallics.
SunshineGirl · 41-45, F
"Being built" ❌
"Will be built" Possibly ✅
4meAndyou · F
Awesome! I still remember driving through Pittsburgh, PA with my parents when I was a kid...home of the steel industry back then...and the smokestacks were EVERYWHERE and the sky was just BLACK. Hopefully with today's smokestack technology that won't happen in Ohio.
DogMan · 61-69, M
This is great news for the USA. As a person that has been buying steel for 40+ years, I have
watched the degradation of steel manufacturing as US manufacturers were closed and we were
forced to buy steel from China and Mexico.

Unfortunately Trump has been involved, so I have a feeling that Democrats may stop this plant
from being built, rather than allow Trump a win.
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Carla · 61-69, F
@available4 "why are them demoncrats"
Yeah democrats are stupid.
How far did you get in grammar class now?
Midlifemale · 61-69, M
I remember when Pennsylvania was the largest producer of steel.
When I was in college, we went on a tour at Bethlehem Steel.
This is great news fir America and Trump
Munumbis · 46-50, M
Steel plants being built ICE on the streets. We are making America great again. Lubricated with commie tears.
DogMan · 61-69, M
The White House stated the mill “will be fully vertically integrated in the U.S. (from iron mining through steel production).” It also said the facility will be able to support “important defense sector requirements for high-grade steel.”

 
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