WASHINGTON, DC - SEPTEMBER 28: Rewant Ruia (L), Chairman of Mesabi Metallics, and Ravi Ruia (C), Board Member of Mesabi Metallics and Director of Essar Capital, listen as U.S. President Donald Trump delivers remarks in the Oval Office at the White House on September 28, 2026 in Washington, DC. Trump announced plans that a new $15 billion steel plant will be built in eastern Iowa by Mesabi Metallics and is projected to be one of the largest in the United States. (Photo by Kevin Dietsch/Getty Images)

WASHINGTON, DC - SEPTEMBER 28: U.S. Rep. Ashley Hinson (R-IA), Iowa Republican Senate candidate, speaks during an announcement made by U.S. President Donald Trump in the Oval Office at the White House on September 28, 2026 in Washington, DC. Trump announced plans that a new $15 billion steel plant will be built in eastern Iowa by Mesabi Metallics and is projected to be one of the largest in the United States. (Photo by Kevin Dietsch/Getty Images)

WASHINGTON, DC - SEPTEMBER 28: U.S. Rep. Ashley Hinson (R-IA), Iowa Republican Senate candidate, speaks during an announcement made by U.S. President Donald Trump in the Oval Office at the White House on September 28, 2026 in Washington, DC. Trump announced plans that a new $15 billion steel plant will be built in eastern Iowa by Mesabi Metallics and is projected to be one of the largest in the United States. (Photo by Kevin Dietsch/Getty Images)

WASHINGTON, DC - SEPTEMBER 28: (L-R) Iowa Republican Senate candidate U.S. Rep. Ashley Hinson (R-IA), Rep. Mariannette Miller-Meeks (R-IA), Iowa Governor Kim Reynolds and Sen. Joni Ernst (R-IA) attend an announcement made by U.S. President Donald Trump in the Oval Office at the White House on September 28, 2026 in Washington, DC. Trump announced plans that a new $15 billion steel plant will be built in eastern Iowa by Mesabi Metallics and is projected to be one of the largest in the United States. (Photo by Kevin Dietsch/Getty Images)

WASHINGTON, DC - SEPTEMBER 28: Iowa Republican Senate candidate U.S. Rep. Ashley Hinson (R-IA) (C) delivers remarks alongside Rep. Mariannette Miller-Meeks (R-IA) (L) and Iowa Governor Kim Reynolds during an announcement made by U.S. President Donald Trump in the Oval Office at the White House on September 28, 2026 in Washington, DC. Trump announced plans that a new $15 billion steel plant will be built in eastern Iowa by Mesabi Metallics and is projected to be one of the largest in the United States. (Photo by Kevin Dietsch/Getty Images)

WASHINGTON, DC - SEPTEMBER 28: Iowa Republican Senate candidate U.S. Rep. Ashley Hinson (R-IA) (C) delivers remarks alongside Rep. Mariannette Miller-Meeks (R-IA) (L) and Iowa Governor Kim Reynolds during an announcement made by U.S. President Donald Trump in the Oval Office at the White House on September 28, 2026 in Washington, DC. Trump announced plans that a new $15 billion steel plant will be built in eastern Iowa by Mesabi Metallics and is projected to be one of the largest in the United States. (Photo by Kevin Dietsch/Getty Images)

WASHINGTON, DC - SEPTEMBER 28: U.S. Sen. Joni Ernst (R-IA) speaks at an announcement made by U.S. President Donald Trump in the Oval Office at the White House on September 28, 2026 in Washington, DC. Trump announced plans that a new $15 billion steel plant will be built in eastern Iowa by Mesabi Metallics and is projected to be one of the largest in the United States. (Photo by Kevin Dietsch/Getty Images)

WASHINGTON, DC - SEPTEMBER 28: U.S. President Donald Trump delivers remarks in the Oval Office at the White House on September 28, 2026 in Washington, DC. Trump announced plans that a new $15 billion steel plant will be built in eastern Iowa by Mesabi Metallics and is projected to be one of the largest in the United States. (Photo by Kevin Dietsch/Getty Images)