White House announces $15 billion Mesabi Metallics steel mill in Iowa

The White House announced that President Trump is backing a $15 billion Mesabi Metallics steel mill in Iowa, which will produce 7.5 million tons of steel per year in its first phase, rising to about ten million tons, using iron ore from the company's newly opened Minnesota mine. The release says the project will create 1,750 permanent Iowa jobs and support up to 6,000 construction jobs, and states that the administration reversed prior policies that had blocked mining projects, including the 2016 denial and 2022 cancellation of federal lease renewals for a northern Minnesota copper-nickel mine and a 20-year mining ban across 225,504 acres of the Superior National Forest.