Mesabi Metallics announced plans for a $15 billion steel plant in Iowa during a White House event with former President Donald Trump and company CEO Joe Broking, according to The Post Millennial. A White House official told CNBC that production is targeted to begin in 2030.
Company says the steel would be sourced and made in the Midwest
Mesabi Metallics, which is based in Minnesota, said the project would develop “100% American steel: mined, melted and poured in Minnesota and Iowa,” per the reporting cited. During the event, Trump was quoted as saying, “This steel will be mined, melted, and made right here in the USA, which is something very unusual,” according to the same account. He also said, “Everyone is building their plants here because they don’t want to pay tariffs.”
Scale and timing—what’s confirmed and what isn’t
The Post Millennial described the project as the largest steel plant in U.S. history. Verified Headlines has not independently confirmed that ranking or reviewed underlying documentation for the claim. The 2030 production timeline was attributed to an unnamed White House official speaking to CNBC. Mesabi Metallics’ statement about sourcing steel in Minnesota and Iowa reflects the company’s position and has not been independently verified.
Key open questions
Public filings, permits, site specifics in Iowa, financing details, and third-party corroboration of the plant’s projected scale were not provided in the materials cited. Additional documentation from the company or regulators would help validate the project’s scope and schedule.
