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

The White House announced that a $15 billion Mesabi Metallics steel complex is coming to Iowa, described as the largest steel plant ever built in the United States, with 1,750 permanent jobs, up to 6,000 construction jobs and an estimated $95 billion in U.S. economic output over construction and the first decade of operations. Mesabi Metallics CEO Joe Broking said the project combines direct-reduction grade iron ore pellet from Minnesota's Iron Range with DRI to EAF steelmaking in Iowa. The announcement does not state an effective date, a start of construction or any change to tariff or entry requirements.