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Trump announces a $15 billion Iowa steel plant, billed as the largest in U.S. history

5 articles from 4 sources
First reported on Monday 28 September 2026 at 10:38 EDT by CBS News·Latest article on Tuesday 29 September 2026 at 18:26 EDT

Summary

President Trump announced on 28 September, with the steelmaker Mesabi Metallics, a $15 billion steel plant in eastern Iowa, presented as the largest steel plant in U.S. history. A White House official said it is expected to create 1,750 permanent jobs. CNBC notes that the announcement comes as Americans' souring views of the economy are set to shape the midterm elections.

Latest: CBS News reports questions about the $15 billion Iowa steel plant Trump announced on 28 September.

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How it unfolded

  1. Tuesday 29 September

  2. Monday 28 September