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    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.

    Laura Miller

    Laura Miller is a reporter and editor for Steel Market Update. She has held various editorial positions with steel industry publications, associations, and mills since 2007. She joined the SMU team in 2022. She is a member of the Association of Women in the Metal Industries and a past-president of the AWMI Pittsburgh Chapter. She holds a BA in Latin American Studies from Edinboro University of Pennsylvania.

    Read more from Laura Miller

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