$15B Iowa steel mill with Minnesota ties takes step forward with tax incentive plan

Elected officials in Lee County, Iowa approved tax incentive terms with Mesabi Metallics, moving ahead with plans to construct a $15 billion steel mill. Previously, President Donald Trump said the mill, which will be located in southeast Iowa, would be the largest steel plant in U.S. history. Iron ore used at the steel plant would be mined at a recently opened $3 billion complex in northern Minnesota.