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StateImpact Pennsylvania US Steel recently canceled more than $1 billion in planned upgrades to its Mon Valley plants.
The news was first announced to a room full of workers, politicos, and media. US Steel was spending over $1 billion to upgrade its steel plants in western Pennsylvania.
But two years later, on an April 30 earnings call, CEO David Burritt announced the company had made a “difficult choice”: it was scrapping the upgrade plan after all.
Burritt said the Mon Valley project was a casualty of the company’s pledge to become carbon neutral by 2050.
“We aspire to be part of the solution. Achieving this goal won’t be easy,” Burritt said.
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