U.S. Steel, the major U.S. steelmaker acquired by Nippon Steel, announced plans to invest approximately $3 billion in new hot-rolling facilities at its Mon Valley steelworks in Pennsylvania. The project is expected to be the largest of Nippon Steel's approximately $11 billion in investments through 2028.
U.S. Steel, the major U.S. steelmaker acquired by Nippon Steel, announced plans to invest approximately $3 billion in new hot-rolling facilities at its Mon Valley steelworks in Pennsylvania.
The investment is part of the $11 billion in total investments Nippon Steel committed to make through 2028 at the time of the acquisition, and the project is expected to be the largest to date.
The investment is reported to be equivalent to approximately ¥470 billion.