President Donald Trump announced on September 28, 2026, plans for a $15 billion steel plant in Iowa, which he described as the largest in American history. The project, which will be developed by an Indian-owned company, is scheduled to begin construction in 2030. Trump stated that the plant will utilize advanced steelmaking technology to produce high-quality and affordable steel. The announcement comes as Republicans aim to strengthen their jobs message ahead of the midterm elections, particularly in a state that could influence control of the Senate.
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Trump announces plan for $15 billion steel plant in Iowa
On September 28, 2026, President Trump announced a $15 billion steel plant project in Iowa, claiming it to be the largest in U.S. history. The plant, to be built by an Indian-owned company, is set to start construction in 2030 and aims to produce high-quality steel using advanced technology.
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Trump unveils plan for $15bn Iowa steel plant he calls biggest in US history
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Trump announces plan for $15 billion steel plant in Iowa