President Trump will unveil a plan for Mesabi Metallics to build an Iowa steel complex with total investment of about $15 billion at a White House event on Monday afternoon, with Mesabi executives attending. Mesabi, which recently opened Minnesota’s first iron mine in 50 years, says the Iowa plant could begin steelmaking by 2030 and is expected to create more than 1,700 jobs. Initial capacity is targeted at roughly 7.5 mln tonnes a year, with potential expansion to about 10 mln tonnes; Mesabi sa

President Trump will unveil a plan for Mesabi Metallics to build an Iowa steel complex with total investment of about $15 billion at a White House event on Monday afternoon, with Mesabi executives attending. Mesabi, which recently opened Minnesota’s first iron mine in 50 years, says the Iowa plant could begin steelmaking by 2030 and is expected to create more than 1,700 jobs. Initial capacity is targeted at roughly 7.5 mln tonnes a year, with potential expansion to about 10 mln tonnes; Mesabi says the two planned plants would require about $15 billion in total investment.