Japan’s largest steelmaker, diversified into engineering and chemicals
The White House has announced a plan to invest about $15 billion to build the largest U.S. steel plant in Iowa, powered by a $2.5 billion Minnesota iron ore mine. Production is slated to begin in 2030, creating thousands of jobs and reshoring steel production in a bid to bolster national security and manufacturing. The plan is being pitched ahead of the midterm elections as part of a broader economic push.