Trump to announce new $15B steel plant: White House official
President Donald Trump will announce the construction of a massive new steel plant during an Oval Office event on Monday, a White House official said.
The project, which will be built by Mesabi Metallics in Iowa, will command a $15 billion investment from the company and is the first mega-steel plant built in the United States since the 1960s, the official said. The first steel production is expected to be in 2030 and, once fully built out, will produce 10 million tons of steel annually, making it among the largest in the U.S.
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