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U.S. Steel Touts Investment in Gary Works Pig Iron Caster

U.S. Steel Touts Investment in Gary Works Pig Iron Caster

metals_minerals

Industry Segment: Metals & Minerals | Word Count: 376 Words

June 10, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)-- United States Steel Corporation (U.S. Steel) (NYSE:X) (Pittsburgh, Pennsylvania) recently marked its investment in a pig iron caster at its Gary Works facility in Indiana. The $60 million investment comes at a time when steel producers are contending with global pig iron supply issues due to Russia's war with Ukraine.

The caster will produce 500,000 tons of pig iron per year to feed the company's electric arc furnaces, including meeting up to 50% of the ore-based metallics needs for the Big River Steel Works in Osceola, Arkansas. Iron ore from U. S. Steel's Minntac and Keetac ore operations in Minnesota will feed the caster.

Other companies featured: Steel Dynamics Incorporated (Fort Wayne, Indiana) (NASDAQ:STLD)

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