AISI Statement on New Steel Investment in Iowa

Washington, D.C. –Kevin Dempsey, president and CEO of the American Iron and Steel Institute (AISI), issued the following statement regarding today’s White House announcement of a $15 billion investment in a new steelmaking facility in Iowa.

“President Trump’s Section 232 steel tariffs continue to energize the American iron and steel industry. AISI welcomes today’s announcement of another significant new investment in steelmaking in the United States. The sizeable investment by Mesabi Metallics in the new Iowa plant and also its Nashwauk, Minnesota, iron ore mine will further boost U.S. ironmaking and steelmaking capacity, create jobs and strengthen the U.S. economy. Importantly, the project will rely on an integrated U.S. supply chain for mining Minnesota iron ore and transforming it into steel in America. These investments highlight the importance of maintaining the Section 232 steel tariffs, which have created the level playing field that is essential to securing and building American manufacturing leadership.”

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Contact: Kim Stewart

202.452.7126 / kstewart@steel.org

AISI serves as the voice of the American steel industry in the public policy arena and advances the case for steel in the marketplace as the preferred material of choice. AISI’s membership is comprised of integrated and electric arc furnace (EAF) steelmakers, steel pipe and tube manufacturers and steel processors and fabricators, reflecting the production and distribution of both carbon and stainless steels. These steels are critical to America’s national and economic security, including roads and bridges, buildings, the electrical grid, cars and trucks and all clean energy technologies. AISI also represents associate members who are suppliers to or customers of the steel industry. For more news about steel and its applications, view AISI’s website at www.steel.org. Follow AISI on Facebook, LinkedIn, X (@AISISteel) or Instagram.