Nippon Steel to Invest 3 B. Dollars in New U.S. Steel Hot-Strip Mill
New York, Oct. 22 (Jiji Press)--United States Steel Corp., acquired by Japan's Nippon Steel Corp., said Thursday it plans to invest about 3 billion dollars to build a hot-strip mill at its Mon Valley Works in Pennsylvania. The project is expected to be the largest under Nippon Steel's commitment, made as part of its acquisition of U.S. Steel, to invest 11 billion dollars by 2028. A hot-st...