Nikkei: Nippon Steel to Invest About $3 Billion in Pennsylvania Plant
Nippon Steel plans to invest about $3 billion in the U.S. Steel-operated Mon Valley works, focusing on a hot-rolling facility, the Nikkei reported.
Nippon Steel TSE:5401 plans to invest about $3 billion in the Mon Valley works in Pennsylvania, which is operated by U.S. Steel, the Nikkei newspaper reported on Thursday. The investment at the Japanese steelmaker’s U.S. unit will focus on a hot-rolling facility, according to the report.