Overview
- The companies set a timeline to invest $11 billion by the end of 2028 across U.S. Steel’s operations.
- Targets include $2.5 billion in capital-investment savings and $500 million from operational efficiencies.
- U.S. Steel says it has more than 200 cost-saving initiatives identified with support from nearly 50 Nippon Steel professionals.
- Projects cited include modernizing the Gary Works hot strip mill, adding a slag recycler at Mon Valley Works, and expanding R&D for higher-value, lower-emission steel.
- Officials say they are pursuing expedited permits to start construction, and the company frames the plan as protecting and creating over 100,000 U.S. jobs without providing specifics.