WASHINGTON, DC - SEPTEMBER 28: U.S. President Donald Trump answers questions from reporters 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 (L-R) Rewant Ruia, Chairman of Mesabi Metallics; Prashant Ruia, Board Member of Mesabi Metallics and Director of Essar Capital; and Energy Secretary Chris Wright. (Photo by Kevin Dietsch/Getty Images)

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 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 listens to questions from reporters in the Oval Office at the White House during an announcement 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)

Co-founder and vice-chairman of the Essar Group Ravi Ruia listens as US President Donald Trump makes an announcement 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: Executive Assistant to the President Natalie Harp listens 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)

US President Donald Trump reacts 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)

US Secretary of Commerce Howard Lutnick speaks 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)