Pittsburgh —
US Steel is not moving forward with a planned investment at its Mon Valley Works and plans to permanently idle three batteries at its Clairton Coke Works as the company accelerates its efforts to reduce its carbon intensity, US Steel CEO David Burritt said April 30.
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"With a clear vision for our future we have evaluated how we allocate capital through the lens of sustainability, value creation and lower capital and carbon intensity across the footprint," Buritt said during the company's first quarter conference call. "When facts change, we must change; and as we step forward to meet the needs of a rapidly changing world, we must set aside the Mon Valley endless casting and rolling and cogeneration project."