U.S. Steel Expects Dip in 2024 Capex

U.S. Steel Expects Dip in 2024 Capex

U.S. Steel Expects Dip in 2024 Capex

August 1, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--Executives with United States Steel Corporation (U.S. Steel) (NYSE:X) (Pittsburgh, Pennsylvania) recently discussed the progress of key projects, including a non-grain-oriented (NGO) electrical steel line, a new minimill and galvanizing line. The company expects to maintain its capital expenditures (capex) of $2.5 billion for 2023 but is projecting a lower spend for 2024.

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