Metals & Minerals Firms Reduce Capital Expenditures in Response to COVID-19, an Industrial Info Market Brief

United States Steel said it would reduce 2020 capital expenditures by 14% from $895 million to $750 million in response to COVID-19. The endless casting line and cogeneration projects at Mon Valley Works in Pennsylvania would be delayed as a result. In South Africa, South32 will reduce capital expenditures by $150 million over the next 15 months and temporarily shutter "non-essential" operations.