US Steel cancels investment plan at Mon Valley Works

Earlier it was reported that Pittsburgh-based US Steel announced the cancellation of its investment plan at Mon Valley Works in western Pennsylvania.

In 2019, the company pledged to invest approximately US $ 1.5 billion in the development of the most advanced technologies, including a continuous casting and rolling plant.

However, due to the COVID-19 outbreak and climate change, as well as the delay in issuing a permit by the Allegheny County Health Department, construction was seriously lagging behind, and for these reasons, US Steel decided to suspend this investment plan.

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