Veytics Intelligence
2026-09-28 · Aljazeera

Trump announces $15bn steel mill project in Iowa before US midterms

Just weeks before the midterm elections, United States President Donald Trump has announced that a Minnesota-based steel manufacturer intends to build a $15bn steel mill project in Iowa, as the White House tries to highlight its focus on domestic manufacturing. On Monday, joined by executives from Mesabi Metallics, which recently opened Minnesota’s first new iron ore mine in 50 years, Trump announced the project. It is expected to begin production in 2030 and could bring more than 1,700 jobs to the region, with an initial production capacity of 7.5 million tonnes per year. The first phase of construction for the project will generate 5,000–6,000 construction jobs, a White House official told Al Jazeera.

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