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U.S. Steel Nixes $1.5 Billion Expansion at Mon Valley Works

U.S. Steel Nixes $1.5 Billion Expansion at Mon Valley Works

metals_minerals

Industry Segment: Metals & Minerals | Word Count: 109 Words

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.

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