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Fact-check · Sep 28, 2026 · Donald Trump

“A fifth billion dollars integrated steel plant”

FALSE
What the record shows
Mesabi Metallics plans a $15 billion investment in the Iowa integrated steel plant, announced by Trump on September 28, 2026. The separate Minnesota iron ore mine cost $2.5 billion.
Sources
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From: President Trump Makes an Announcement, Sep. 28, 2026

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