Topic not named already ran. $15 billion named already ran. 17–13 already ran. This is Monday’s unused speech.
Joseph Gedeon, The Guardian, 3:39 p.m. ET / updated 6:22: President Trump announced in the Oval Office what he called the largest steel plant in American history, to be built in Iowa by Mesabi Metallics. “Using advanced steelmaking technology, the plant will produce some of the highest quality, most affordable steel anywhere in the world,” he said, flanked by Iowa’s top Republicans. He said they have “already started building.” CBS2 Iowa, 4:29 p.m.: the site is Lee County. Midday’s unused briefing already ran as $15 billion named, event not held. A name is not the Oval.
White House / Reuters: $15 billion. First phase 7.5 million tons a year, eventually 10 million. First steel 2030. Iron ore from Nashwauk, Minnesota. Trump’s line: up to 6,000 construction jobs, nearly 2,000 manufacturing and mining jobs, and $95 billion added to the U.S. economy. Guardian: the Export-Import Bank will provide up to $10 billion in financing; Mesabi is owned by India’s Essar Group. Chairman Rewant Ruia: most critical materials from the U.S.; some may be imported. CBS2: a construction timeline was not named at the news conference. 2030 is the White House’s first-steel year. We will not invent a pour earlier than that.
What this means for you
If you needed this afternoon’s unused name, it still stands. If you needed tonight’s unused politics, it is the Oval, Lee County, and $10 billion. Not a briefing. Not 17–13.
Bottom line: Oval held. Lee County named. EXIM $10 billion. Not midday’s name. Not a pour today.
GLHR NEWS explains the news. Not investment, tax, or trading advice. Do your own work before you act.
