Final Thoughts
March 2, 2020
Final Thoughts
Written by John Packard
U.S. Steel continues to make interesting moves having now purchased the balance of the ownership in USS/Posco (UPI), 49.9 percent of Big River Steel with an option to purchase the balance, the $1 billion+ capital investment in the endless casting, rolling and cogeneration at Mon Valley Works and the $750 billion investment in Gary Works. Please note that attendees at the 2020 SMU Steel Summit Conference will have the opportunity to see the USS CEO David Burritt sitting down with me on the stage for a one-on-one discussion about what U.S. Steel is doing (and why now?).
Both Tim Triplett and I are in San Antonio, Texas, for the Fabricators and Manufacturers Association conference. We will not return to our offices until Friday morning. This evening we are attending a dinner honoring William “Bill” Hickey, CEO of Lapham-Hickey Steel, as the Association of Steel Distributors Steel Executive of the Year.
