U.S. Steel Plans New U.S. Mill as Prices Surge

U.S. Steel Plans New U.S. Mill as Prices Surge



United States Steel Corp. said it plans to begin construction of a new steel mill in the U.S. next year, as the company chases rising demand from a rebounding manufacturing sector.

The Pittsburgh-based company said Thursday the new mill will have the capacity to produce three million tons of sheet steel annually, boosting its sheet-steel capacity by about 20% and helping to alleviate tight supplies of steel in the domestic market. The U.S. Steel mill would increase new production capacity under construction or planned in the U.S. to about 12 million tons annually, or almost 21% of sheet-steel consumption in 2019.



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Rachel Meadows

Rachel Meadows

Trending topics news writer who enjoys cooking, walking her dog and travel.

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