Nippon Steel Raises US Mill Upgrade to $3 Billion as Costs Climb
Nippon Steel Corp. will spend $3 billion building a hot-strip mill in Pennsylvania, part of its $11 billion investment plan in newly-acquired US Steel.
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Nippon Steel Corp. will spend $3 billion building a hot-strip mill in Pennsylvania, part of its $11 billion investment plan in newly-acquired US Steel.
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...
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