Steel Mills
May 4, 2019
U.S. Steel: Pivoting to Offense
Written by Sandy Williams
U.S. Steel’s first-quarter earnings call was dominated by the news of the steelmaker’s planned $1.2 billion investment at Mon Valley Works to build an endless casting and rolling facility at its Edgar Thomson Plant and a cogeneration facility at its Clairton Plant.
CEO David Burritt called the project “transformative” for U.S. Steel, putting the company in a premier position as a supplier of lightweight, thin, wide and formable hot rolled steel for the automotive industry. The line will be able to produce coils as thin as 0.030 gauge and as wide as 77 inches.
