U.S. Steel Nixes $1.5 Billion Expansion at Mon Valley Works
SUGAR LAND--May 3, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--United States Steel Corporation (NYSE:X) (Pittsburgh, Pennsylvania) has cancelled a $1.5 billion expansion and modernization project at its Mon Valley Works in Pennsylvania. Chief Executive Officer David Burritt made the announcement during the company's first-quarter earnings results call on Friday.
