President and Chairman of Export-Import Bank of the United States, John Jovanovic (C) looks on as US President Donald Trump makes an announcement on steel in the Oval Office of the White House in Washington, DC, on September 28, 2026. (Photo by Kent NISHIMURA / AFP via Getty Images)

US President Donald Trump listens as US Secretary of Commerce Howard Lutnick (R) speaks during an announcement on steel in the Oval Office of the White House in Washington, DC, on September 28, 2026. (Photo by Kent NISHIMURA / AFP via Getty Images)

US President Donald Trump listens as US Secretary of Commerce Howard Lutnick (R) speaks during an announcement on steel in the Oval Office of the White House in Washington, DC, on September 28, 2026. (Photo by Kent NISHIMURA / AFP via Getty Images)

US Secretary of Commerce Howard Lutnick (Top) speaks as US President Donald Trump looks on as he makes an announcement on steel in the Oval Office of the White House in Washington, DC, on September 28, 2026. (Photo by Kent NISHIMURA / AFP via Getty Images)

WASHINGTON, DC - SEPTEMBER 28: U.S. President Donald Trump speaks with Rewant Ruia (L), Chairman of Mesabi Metallics, and Prashant Ruia (2nd L), Board Member of Mesabi Metallics and Director of Essar Capital, while making an announcement 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. Also pictured are Energy Secretary Chris Wright (C) and Commerce Secretary Howard Lutnick (R). (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)

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)

WASHINGTON, DC - SEPTEMBER 28: U.S. Secretary of Commerce Howard Lutnick (2nd L) 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)