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International Business Times
International Business Times
Business

Trump to Unveil $15 Billion Steel Plant: The Iowa Project Would Be Largest of Its Kind in U.S. History

Donald Trump Iowa Mesabi Metallics Mesabi Minnesota Taylor Rogers
Trump is scheduled to unveil the investment alongside company executives during a 2 p.m. ET event at the White House, according to administration officials. (Credit: Getty Images)

President Donald Trump announced plans Monday for a massive $15 billion steel plant in Iowa, a project that could become the largest facility of its kind in U.S. history and create thousands of construction and permanent jobs.

The planned facility will be built by Mesabi Metallics, a Minnesota-based company owned by India's Essar Group.

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