Board OKs USS/ Nippon Steel investments at Edgar Thomson, Gary

The U.S. Steel (USS) board of directors approved investment plans for the company’s Edgar Thomson Plant and Gary Works facilities, the company said in a statement.

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Japan-based Nippon Steel agreed to invest $11 billion to modernize USS operations as a condition for acquiring the 124-year-old American steel icon. The company approved a $200 million investment for Gary Works in Indiana and $100 million for its Edgar Thomson Plant near Pittsburgh.

Kristen DiLandro

Kristen DiLandro is a reporter for Steel Market Update. Kristen focuses on the micro and macro steel market conditions informing North American spot prices. Following her agency career in advertising, she attained an MFA in Writing from Savannah College of Art and Design. Kristen can be reached at kristen@steelmarketupdate.com or 724-221-8143.