President Trump is set to announce Monday that a Minnesota company plans to build a $15 billion steel mill in Iowa - a project that will be the largest of its kind in U.S. history, according to a White House official, and will presumably be visible from space, or at least from the eastern Iowa cornfields where it will sit.

Mesabi Metallics, the company in question, recently invested $2.5 billion in a new 7.5 million-ton iron ore mine in Minnesota, because nothing pairs with a giant steel plant like a giant hole in the ground. Executives will be on hand at the White House to unveil the project, presumably with a very large pair of scissors.

The plant could see its first production in 2030 - a date that sounds futuristic until you remember it's roughly the same year your phone will finally get a decent battery. Once fully functional, it could produce 10 million tons of steel per year, which is a lot of steel, even by steel standards.

The Wall Street Journal was first to report the announcement, because of course it was.

"President Trump is delivering on his promise to rebuild American industry, reshore manufacturing, and create new jobs," White House spokesperson Taylor Rogers said in a statement, adding that the announcement "underscores the President's historic efforts to revitalize the U.S. steel industry - supporting local communities, strengthening supply chains, and protecting our national security." She also noted that "after decades of decline, this President is restoring America's industrial competitiveness and securing trillions of dollars in new investment," which is the kind of sentence that sounds great until you remember the plant won't produce anything until 2030.

The Minnesota mine, which recently opened, will create 350 new jobs, while the steel plant will create 1,750 new jobs for Iowans, a White House official said. That's 2,100 jobs total, or roughly the number of people who will be needed to explain the tariff policy on derivative steel goods.

Commerce Secretary Howard Lutnick; John Jovanovic, chair of the Export-Import Bank; and David Copley, senior director for Global Supply Chain, will be among the other people present at the announcement, presumably standing just off-camera and nodding.

The timing is purely coincidental, we're sure: it comes 36 days before the midterm elections, where Iowa Republicans face tough races for U.S. House and Senate as the party aims to hold onto control of both chambers. The governor's race is also one to watch, which is why Zach Lahn, the Republican nominee for Iowa governor, welcomed the announcement on X, writing: "This is a direct result of focusing on building in America. Iowa is the best place to do just that. Looking forward to working with President Trump to get this plant fully online." Rep. Ashley Hinson (Iowa), the Republican Senate candidate, also called the proposed plant "a game-changing investment for our state." Neither mentioned the 2030 timeline, which is understandable - it's hard to campaign on something that won't exist until after the next presidential election.

This is the latest move by the Trump administration to push for more steel production in the U.S. There is currently a 50 percent tariff on items made entirely or almost entirely of aluminum, steel or copper, while lower tariffs apply to finished or derivative goods made with steel. So if you were thinking of importing a steel derivative, maybe sit down first.