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U.S. Steel Expects $2.3 Billion in Capex for 2022, Including Spending on New Mini Mill

U.S. Steel Expects $2.3 Billion in Capex for 2022, Including Spending on New Mini Mill

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Industry Segment: Metals & Minerals | Word Count: 599 Words
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SUGAR LAND--November 1, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--United States Steel Corporation (NYSE:X) (Pittsburgh, Pennsylvania) expects its capital expenditures (capex) to amount to about $2.3 billion, with the lion's share of the spending earmarked for strategic investments such as a new mini mill. In comparison, this year's capex is expected to be around $800 million.

Other companies featured: Cleveland-Cliffs Incorporated (NYSE:CLF), Nucor Corporation(NYSE:NUE), Steel Dynamics Incorporated (NASDAQ:STLD)

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