WASHINGTON, DC - SEPTEMBER 28: Rewant Ruia (L), Chairman of Mesabi Metallics, speaks alongside Ravi Ruia, Board Member of Mesabi Metallics and Director of Essar Capital as U.S. President Donald Trump holds an event 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)