Trump announces $15B Iowa steel plant, 1,750 jobs, production by 2030

President Trump announced a $15 billion investment for a new steel plant in Iowa that will use Minnesota iron ore and create at least 1,750 permanent jobs, with production slated to begin in 2030. The announcement is a major infrastructure and industrial policy move, though details on financing and timeline remain unconfirmed. It signals a boost to domestic steel production and employment in the Midwest.