# Mesabi Metallics plans $15B steel plant in Iowa

Mesabi Metallics announced plans to invest about $15 billion to build a steel plant in Iowa, with first phase capacity of 7.5 million tons per year, aiming to begin production in 2030.

- Type: New facility
- Announced: 2026-09-28
- Where: Iowa, United States
- Value: $15.0B
- Jobs: 1,750
- Starts operating: 2030
- Status: announced
- Capacity: 7.5 million tons per year (first phase), 10 million tons per year (eventual)
- Products: steel
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Mesabi Metallics Company LLC](https://endata.com/companies/85993.md)

## Sources

- [skepticsociety.co.uk](https://www.skepticsociety.co.uk/trump-unveils-15-billion-mesabi-metallics-iowa-steel-plant-plans/), 2026-09-28: "The steel plant is planned to be built in Iowa and aims to begin production in 2030."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.