Nippon Steel to invest $3 billion in Mon Valley hot-rolled line
Briefing by News4U · First published
Nippon Steel will spend $3 billion on a new hot-rolled steel line at U.S. Steel’s Mon Valley Works in Pennsylvania, part of an $11 billion plan.
Sina Finance reports that Nippon Steel will invest about $3 billion to build a new hot-rolled strip steel production line at its subsidiary U.S. Steel’s Mon Valley Works in Pennsylvania. [1]
The project forms part of U.S. Steel’s $11 billion investment plan and will replace aging equipment at the Edgar Thomson plant, raising annual capacity from about 2.2 million tons to about 3.5 million tons, with start-up expected by the end of 2029. [1]
Sources
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Sina Finance · · Full text