Trump announces Iowa steel plant

President Donald Trump announced on Monday that Mesabi Metallics will build what he called the largest steel plant in American history in Iowa, a state critical for Republicans ahead of midterm elections.

“Today, we're thrilled to announce that Mesabi Metallics will be building the largest steel plant in American history in the great state of Iowa.”

Plant to produce ten million tons yearly

The facility is expected to produce ten million tons of steel a year and create as many as one thousand seven hundred fifty permanent jobs in Iowa, according to a White House official.

Production to start in twenty thirty

Mesabi Metallics aims to start production in twenty thirty, a White House official told ABC News earlier on Monday, completing what the company says will be a fully integrated American supply chain.

“With the new steel complex in Iowa, we will complete the fully integrated American supply chain from mine to mill.”

Company invested in Minnesota iron ore mine

Mesabi Metallics recently invested two point five billion dollars in a new iron ore mine in Minnesota, expected to produce seven point five million tons of iron ore annually to support the Iowa plant.

Commerce Secretary confirms deal is done

When asked if the project was contingent on tax breaks, Commerce Secretary Howard Lutnick said the deal is done and they have already worked it out, adding the president does not bring people together unless it is a done deal.

“The president doesn't bring people together unless it's a done deal.”

Essar Group backed project revived after failure

Mesabi Metallics is backed by the Essar Group, an Indian multinational conglomerate that first proposed the mine and mill project twenty years ago and ultimately failed. The mine project filed for bankruptcy a decade ago.