Industry Segment: Market Brief | Word Count: 76 Words
Attachment: Metals

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.