Market Segment
August 28, 2024
Nippon courts union with big capex promises for Mon Valley, Gary Works
Written by Laura Miller
On Wednesday, Nippon Steel announced additional investments it plans to make in U.S. Steel facilities as part of its pending purchase of the iconic American flat-rolled steelmaker. The two companies still anticipate the deal’s closing by the end of this year.
With an investment of “no less than $1 billion,” Nippon said it would replace and/or upgrade the existing hot-strip mill at USS’ Mon Valley Works outside Pittsburgh.

