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Steel plant coming to Lee County

  • On Monday, Donald Trump announced a $15 billion steel plant for eastern Iowa, appearing to struggle keeping his eyes open at the Resolute Desk while Commerce Secretary Howard Lutnick spoke.
  • Mesabi Metallics will build the facility using iron ore from a Minnesota mine, with The Export-Import Bank providing up to $10 billion in financing for the expansion.
  • Production is targeted for 2030, with the plant expected to produce 10 million tons of steel annually while supporting up to 6,000 construction jobs and at least 1,750 permanent positions.
  • The event occurred 36 days before midterm elections, aiming to boost Trump-endorsed Iowa candidates including Rep. Mariannette Miller-Meeks and Hinson, who attended the announcement in Lee County.
  • During the event, Trump criticized Canada as "one of the worst countries in the entire world" and promoted his proposal to rename Lake Ontario to "Lake America.
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  • 54% of the sources lean Left
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IBTimes UK broke the news in United Kingdom on Sunday, September 27, 2026.
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