Nippon Steel to invest up to $2.5bn in U.S. Steel's Pennsylvania complex
Japanese steel major Nippon Steel said it plans to invest up to 2.5 billion dollars at the Edgar Thomson plant in Pennsylvania as part of follow-up investments to last year's completed acquisition of U.S. Steel. The capital programme is aimed at positioning for steel demand from US infrastructure orders and reshoring pressure. The White House described the move as a reinforcement of domestic steel production.
Nikkei Asia3 h ago5401.T X