U.S. Steel is unveiling a major Mon Valley investment it says could bring thousands of jobs and a multibillion-dollar economic impact.
According to a U.S. Steel news release, its planned Mon Valley investment is now up to $2.5 billion and could create more than 6,300 jobs and generate about $1.7 billion in economic impact over three years.
The project includes a new hot strip mill at the Edgar Thomson Plant in Braddock, replacing an aging mill at the Irvin Plant as part of a modernization effort aimed at boosting efficiency and production capacity.
The company says the upgrades will improve efficiency, reduce energy use, and expand the range of steel products for automakers and other manufacturers, reflecting what it describes as a long-term commitment to American steelmaking and its partnership plans.
“The Mon Valley Works is where the American steel industry was first forged, and this investment is proof that its best days are still ahead,” said David B. Burritt, President and Chief Executive Officer of U. S. Steel. “This investment means thousands of good-paying jobs protected, a world-class facility, and steel that will supply American automakers and manufacturers for generations. This is what investing in America looks like.”
