Steel Mills
November 2, 2017
U.S. Steel Invests in Asset Revitalization
Written by Sandy Williams
U.S. Steel is undertaking a massive asset revitalization program to reduce unplanned outages and improve profitability and competitiveness.
The company plans to invest approximately $1.2 billion from 2017 through 2020 on repairs and upgrades. By 2020, slab production capability at Gary Works, Great Lakes Works and Mon Valley works will be increased by 1 million tons from the current 10 million tons. In 2017, costs from outages, regular maintenance and asset revitalization are expected to total $1.325 billion, up from $950 million in 2016.
