WATCH LIVE: President  Donald  J. Trump announces plans for massive Iowa steel plant

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POTUS: "Today, we're thrilled to announce that Mesabi Metallics will be building the largest steel plant in American history in the great state of Iowa."

"This announcement is only possible because of the pro-American policies of the Trump Administration... Soon after my inauguration, I imposed powerful 50% tariffs on all foreign steel — and now, our steel industry is roaring back to life."

EximBankUS Chair John Jovanovic: "What we're really talking about today is America's economic security — and Mr. President, it's your plan in action

Secretary Howard Lutnick: "These are your 232 tariffs — the steel tariffs — at work. Without those tariffs, this mine doesn't get built and this steel plant does not get built."

Secretary Wright: "This is the Trump reindustrialization of America hitting the ground at serious scale."

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