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Posted on 09/28/2026 10:19:31 AM PDT by DFG
President Donald Trump is set to announce Monday that a $15 billion steel mill billed as the largest ever built in the United States will go up in Iowa.
White House officials said the Oval Office event is scheduled for 2 p.m. ET.
Mesabi Metallics is expected to name the Iowa site at that briefing. The administration said the plant would be the first U.S. “mega-steel” facility constructed since the 1960s. Production is targeted to begin in 2030.
Officials said the mill would turn out about 7.5 million tons of steel a year in its first phase and as much as 10 million tons a year when fully built. The White House added that output would rank among the largest in the country and could supply defense-related demand.
Mesabi Metallics said the project would support 5,000 to 6,000 construction jobs and 1,750 permanent jobs in Iowa. Iron ore is slated to come from the company’s mine in Nashwauk, Minnesota, a $2.5 billion project the White House said would add about 350 Minnesota jobs and about 7.5 million tons of ore a year.
Mesabi Metallics is owned by India’s Essar Group. The Wall Street Journal first reported the Iowa plan and noted Essar had pursued a mine-and-mill concept for years, including a prior effort that went through bankruptcy about a decade ago.
White House spokesperson Taylor Rogers said the announcement is part of the president’s push to rebuild the domestic steel industry, support local payrolls, tighten supply chains, and back national security.
(Excerpt) Read more at westernjournal.com ...
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Elon needs a certain type of stainless steel for his new Starship. The guy’s a real life Hank Reardon.
And we’re going to build many new starships.
Which means they will not only build the steel mill, but also a new deli as well.
Just heard a bit of Steve Bannon this morning and he was whining about the Iranian war and that the administration should do more for the economy.
I would like to ask Bannon when Trump has ever abandoned trying to strengthen the economy.
Mesabi Metallics is owned by India’s Essar Group
I know that capital has to come from somewhere. I know there's a lot of capital in foreign countries, and that the people who control it aren't idiots.
But they're foreigners, with foreign loyalties.
And that seems like a potential national security problem.
I think we should work toward a situation where mines and farms and factories in America are majority-owned by Americans with American loyalty.
Rearden Metal - lighter, stronger and green...
lol, I see what you did there.
I’m assuming they’d want to have access to the Mississippi River for shipping?
That would be fine.
Building a New Delhi would be a problem. I think we don't want that here.
Will they all be H-1B?
And every one of them a prajeet.
Indians hire Indians. Period.
Good question.
When Japanese corporations build car (and parts) factories here in America, they send some Japanese cadre, then hire locally.
But those are Japanese.
Not Indians.
Ever since that dustup in the 1940s, the Japanese have mostly wanted to play nice with us, and it has mostly worked out well for both countries.
Yes, I remember the 1980s.
Refurbish the Rust Belt. Let’s make stuff.
Put one of those where every AI center was rejected.
You'll find idiotic NIMBYs everywhere, of course ... in the general area where I live, the NIMBYs tend to be generally ignored. Instead, we get factories ... real ones where real people go to work and make things that are sold for real money to individual customers or to other industries. These factories are certainly welcomed by the hundreds of people who get decent-paying jobs working in them.
Can't quite say as much for "data centers".
+10
All jobs will go to Indians as well.
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