Yes. On September 28, 2026, President Donald Trump was set to announce plans for a roughly $15 billion Mesabi Metallics steel plant in Iowa that the White House described as the largest ever built in the United States.
According to Fox News reporting citing White House officials, the first phase is projected to create about 1,750 permanent jobs and 5,000–6,000 construction jobs, produce about 7.5 million tons of steel a year (rising toward 10 million), and use iron ore from Mesabi’s Minnesota mine. First steel is not expected until 2030.