President Trump announced an $18 billion steel mill project in Iowa on Monday, aiming to boost the economy and create construction jobs in a state hit hard by tariff-driven manufacturing costs and rising fuel prices. The project, backed by Mesabi Metallics, is part of a broader strategy as Trump travels to key states ahead of the midterm elections. Voters in Midwestern states, once crucial to his 2020 win, now face economic challenges that have eroded his support.

Trump, speaking in the Oval Office, expressed confusion over Republican candidates’ efforts to protect their seats, saying, “I don’t know,” before emphasizing his love for Iowa. The steel mill, which supporters claim will be one of the largest in the world, is expected to create 6,000 construction jobs and 1,750 permanent positions with salaries exceeding $100,000 annually. Representative Mariannette Miller-Meeks, facing a tough re-election battle, praised the project as a symbol of Trump’s pro-growth policies.

Mesabi Metallics, owned by India’s Essar Group, also plans a $2.5 billion iron-ore mine in Minnesota, supported by EXIM Bank loans up to $10 billion. Analysts note the risk, citing Mesabi’s past financial troubles and delays. The company, which filed for bankruptcy in 2016, is led by the Ruia brothers, who attended the announcement.

Trump asserted the project would proceed regardless of Congress or the next president.