Nippon Steel to Invest About $3 Billion in U.S. Steel Plant Upgrade
Nikkei reports Nippon Steel will invest about $3 billion in U.S. Steel’s Mon Valley works in Pennsylvania to upgrade its hot rolling facility. The investment is part of Nippon Steel’s pledge to invest $11 billion in U.S. Steel by 2028.
Nippon Steel TSE:5401 will invest about $3 billion in the U.S. Steel-operated Mon Valley works in Pennsylvania to upgrade the plant's hot rolling facility, the Nikkei newspaper reported on Thursday.The move is part of the Japanese steelmaker's pledge to invest $11 billion in U.S. Steel by 2028, fol…