IT'S OFFICIAL: President Trump announces the largest steel plant in American HISTORY, which will be built in IOWA

ziggy

ziggy

Verified User
6,000 construction jobs and $95 BILLION infusion into the economy

"The LARGEST steel plant in AMERICAN HISTORY." 🇺🇸

American steel IS BACK!

The plant will begin production in 2030 and close to 2,000 manufacturing or mining jobs are expected 👏🏻

"The steel will be mined, melted and made RIGHT HERE in the USA."

"Once completed, [the] new steel plant will produce 10 MILLION tons of steel per year using iron ore from the company's Minnesota mine! LOUSY governor but great iron ore." 🤣

"The first new iron ore mine in the US in more than 50 years."

https://twitter.com/x/status/2104639527000395840
View: https://x.com/EricLDaugh/status/2104639527000395840
 
ziggy said:
6,000 construction jobs and $95 BILLION infusion into the economy

"The LARGEST steel plant in AMERICAN HISTORY." 🇺🇸

American steel IS BACK!

The plant will begin production in 2030 and close to 2,000 manufacturing or mining jobs are expected 👏🏻

"The steel will be mined, melted and made RIGHT HERE in the USA."

"Once completed, [the] new steel plant will produce 10 MILLION tons of steel per year using iron ore from the company's Minnesota mine! LOUSY governor but great iron ore." 🤣

"The first new iron ore mine in the US in more than 50 years."

https://twitter.com/x/status/2104639527000395840
View: https://x.com/EricLDaugh/status/2104639527000395840
Click to expand...
Trump supports foreign companies?
 
Poor Richard Saunders said:
Trump supports foreign companies?
Click to expand...

Yeah — when they bring billions of dollars here, build factories here, use American raw materials and hire American workers. Apparently the preferred kind of foreign investment is supposed to be buying our Treasury debt and helping finance Washington instead? You left wing idiots never cease to amaze me with the sophomorics behind your views
 
ziggy said:
6,000 construction jobs and $95 BILLION infusion into the economy

"The LARGEST steel plant in AMERICAN HISTORY." 🇺🇸

American steel IS BACK!

The plant will begin production in 2030 and close to 2,000 manufacturing or mining jobs are expected 👏🏻

"The steel will be mined, melted and made RIGHT HERE in the USA."

"Once completed, [the] new steel plant will produce 10 MILLION tons of steel per year using iron ore from the company's Minnesota mine! LOUSY governor but great iron ore." 🤣

"The first new iron ore mine in the US in more than 50 years."

https://twitter.com/x/status/2104639527000395840
View: https://x.com/EricLDaugh/status/2104639527000395840
Click to expand...
2030? trump's having one of these again. :rofl2:

1790622869022.png
 
ziggy said:
6,000 construction jobs and $95 BILLION infusion into the economy

"The LARGEST steel plant in AMERICAN HISTORY." 🇺🇸

American steel IS BACK!

The plant will begin production in 2030 and close to 2,000 manufacturing or mining jobs are expected 👏🏻

"The steel will be mined, melted and made RIGHT HERE in the USA."

"Once completed, [the] new steel plant will produce 10 MILLION tons of steel per year using iron ore from the company's Minnesota mine! LOUSY governor but great iron ore." 🤣

"The first new iron ore mine in the US in more than 50 years."

https://twitter.com/x/status/2104639527000395840
View: https://x.com/EricLDaugh/status/2104639527000395840
Click to expand...
There are so many things with this that are not mentioned.

Messabi Metallics is an Indian owned company.
They currently have over three quarters of billion dollars in federal backed loans thanks to Trump.
Their parent company declared bankruptcy in 2016 to try to retain mining leases.
They have have a history of failing to live up to their claims which resulted in losing mining leases.
They were scheduled to start producing iron pellets this month but that has now been pushed back as they failed to meet that deadline.

www.kaxe.org

Mesabi Metallics eyes $5 billion expansion as production, federal assistance ramp up

The mining company celebrated a $770 million federal loan and the production of its first concentrate at a blast event Sept. 17, 2026. Two days earlier, it announced the "next phase of investment" at an Itasca County Board meeting.
www.kaxe.org www.kaxe.org
 
zymurgy said:
Yeah — when they bring billions of dollars here, build factories here, use American raw materials and hire American workers. Apparently the preferred kind of foreign investment is supposed to be buying our Treasury debt and helping finance Washington instead? You left wing idiots never cease to amaze me with the sophomorics behind your views
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And take the profits offshore
 
zymurgy said:
Yeah — when they bring billions of dollars here, build factories here, use American raw materials and hire American workers. Apparently the preferred kind of foreign investment is supposed to be buying our Treasury debt and helping finance Washington instead? You left wing idiots never cease to amaze me with the sophomorics behind your views
Click to expand...
When Trump gives them almost a billion dollars, they aren't exactly bringing money here. You idiots believe Trump without checking the details.

Messabi hopes to produce 7 million tons of pellets per year with a possible expansion to 18 million tons. Kind of hard to make 10 million tons of steel with 7 million tons of pellets.
 
Ross Dolan said:
And the suckers figure this time he will actually do what he says he will do.

View attachment 97067
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This is a private investment project, it's not government run.

Now many a company have announced bold plans and visions that ultimately don't come to fruition. So while it's certainly exciting to hear, nothing is guaranteed.

Is there anything in particular about the company or this deal you don't care for? (not a rhetorical question)
 
cawacko said:
This is a private investment project, it's not government run.

Now many a company have announced bold plans and visions that ultimately don't come to fruition. So while it's certainly exciting to hear, nothing is guaranteed.

Is there anything in particular about the company or this deal you don't care for? (not a rhetorical question)
Click to expand...
I didn't realize the federal government giving them $770 billion in loans was a "private investment."
 
Poor Richard Saunders said:
When Trump gives them almost a billion dollars, they aren't exactly bringing money here. You idiots believe Trump without checking the details.

Messabi hopes to produce 7 million tons of pellets per year with a possible expansion to 18 million tons. Kind of hard to make 10 million tons of steel with 7 million tons of pellets.
Click to expand...
Nice sidestep. My point was that yes, we want foreign investment in the United States. You mocked Trump for supporting a foreign-owned company, then immediately changed the subject when that sounded stupid.

Mesabi is an American company owned by India-based Essar, and the announced Iowa project is a $15 billion investment in American steelmaking, using Minnesota ore and employing Americans.

And federal financing doesn’t somehow reverse that. EXIM finances projects through loans and guarantees; in this case it is financing Mesabi’s U.S. mining and processing operation.

So yes: I’d much rather have foreign capital coming here to build productive assets — even where we help finance the project — than have foreigners merely buying Treasury debt so Washington can finance more deficits.

But by all means, keep lecturing everyone about “checking the details” while avoiding the point you were actually responding to.
 
Nomad said:
Timeline: Slated to begin production by 2030...

View attachment 97070
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2030?! Four whole years?! Better alert the historians.

The Quad Cities–Chicago passenger train got federal funding in 2010 and was supposed to be running around 2015. We’re now in 2026, and every few years Illinois holds another press conference announcing that, yes, the train is still totally coming.

Pritzker just had another victory lap after another $475 million was secured for it in late 2025. Maybe this time the ceremonial check comes with an actual train.

So spare me the “2030 is forever away” meme. Iowa understands promises made are rarely promises kept

Wake me when the Amtrak Groundhog sees his shadow again.
 
Poor Richard Saunders said:
I didn't realize the federal government giving them $770 billion in loans was a "private investment."
Click to expand...
If the government were to give Mesabi $770 billion, that would be the largest loan ever given by the federal government. That would exceed the amount announced for the TARP program.

That said my wording could have been better in saying this is a deal done by a private company, it's not a government run project.
 
cawacko said:
This is a private investment project, it's not government run.

Now many a company have announced bold plans and visions that ultimately don't come to fruition. So while it's certainly exciting to hear, nothing is guaranteed.

Is there anything in particular about the company or this deal you don't care for? (not a rhetorical question)
Click to expand...
I just consider Trump to be full of shit. I would not trust one of his promises any more than I would trust Lucy to let Charlie Brown kick that football.
 
zymurgy said:
2030?! Four whole years?! Better alert the historians.

The Quad Cities–Chicago passenger train got federal funding in 2010 and was supposed to be running around 2015. We’re now in 2026, and every few years Illinois holds another press conference announcing that, yes, the train is still totally coming.

Pritzker just had another victory lap after another $475 million was secured for it in late 2025. Maybe this time the ceremonial check comes with an actual train.

So spare me the “2030 is forever away” meme. Iowa understands promises made are rarely promises kept

Wake me when the Amtrak Groundhog sees his shadow again.
Click to expand...

So we can add "whataboutism" along with "gaslighting" to the checklist in your bag of tricks.

Cool. 👍🏼

But that's standard MAGA issue anyway.
 
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