MARC LEVY
Associated Press
HARRISBURG, Pa. â Pittsburgh-based United States Steel Corp. said Friday that it is canceling a $1.5 billion project to bring a state-of-the-art improvement to its Mon Valley Works operations in western Pennsylvania, saying the world has changed in the two years since it announced its intentions.
Project permits initially stalled by the pandemic never came through, U.S. Steel has added capacity elsewhere, and now it must shift its focus to its goal of eliminating greenhouse gas emissions from its facilities by 2050, it said.
U.S. Steel revealed the news in an earnings call Friday morning and in an âopen letterâ on social media, putting an end to what would have been one of the largest industrial investments in Pennsylvania.
US Steel cancels plans to invest $1 5 billion in western Pa operations mcall.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mcall.com Daily Mail and Mail on Sunday newspapers.
US Steel ends plans for $1.5B Pennsylvania plant upgrades
MARC LEVY, Associated Press
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FILE - In this Dec. 4, 2003 file photo, heavy machinery rolls through the U.S Steel Corp. Edgar Thompson Works in Braddock, Pa., east of Pittsburgh. Pittsburgh-based United States Steel Corp. said Friday, April 30, 2021, that it is canceling a $1.5 billion project to bring state-of-the-art improvements to its operations in western Pennsylvania, saying the world has changed in the two years since it announced its intentions.Keith Srakocic/AP
HARRISBURG, Pa. (AP) Pittsburgh-based United States Steel Corp. said Friday that it is canceling a $1.5 billion project to bring a state-of-the-art improvement to its Mon Valley Works operations in western Pennsylvania, saying the world has changed in the two years since it announced its intentions.
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