LIVE: President Trump announces Mesabi Metallics’ plan to invest in a steel plant in Iowa — 9/28/26

President Donald Trump on Monday announces a steel-making company’s plan to invest about $15 billion to build what would be the largest plant of its kind in U.S. history, a White House official confirmed to CNBC.

The Oval Office announcement with Mesabi Metallics comes just weeks before the November midterm election, which are poised to be shaped by Americans’ increasingly sour views of Trump’s handling of the economy.

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LIVE: President Trump announces Mesabi Metallics’ plan to invest in a steel plant in Iowa — 9/28/26