Nate Smallwood | Tribune-Review
The May 2, 2019, event where U.S. Steel announced a $1 billion investment to upgrade Mon Valley Works facilities.
Nate Smallwood | Tribune-Review
U.S. Steel CEO David Burritt on May 2, 2019, announcing $1 billion in investments in the Mon Valley Works facilities. Just under two years later, on April 30, Burritt announced the company was scrapping the plan.
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Pittsburgh-based U.S. Steel will cancel plans for more than $1 billion in upgrades and investment at the Mon Valley Works facilities, CEO David Burritt said in a letter to the community released Friday.
Clairton Coke Works U.S. Steel Corporation is cancelling its $1 billion upgrades to its Mon Valley Works facilities, which includes Edgar Thomson Works in Braddock, Irvin Plant in West Mifflin, and the Clairton Coke Works in Clairton. While the cancellation will likely result in some job losses in the region, it will also reduce the levels of harmful air pollution in the Mon Valley and beyond. The upgrades, which were announced May 2019, would have included a casting and rolling facility and a cogeneration plant. After several delays due to COVID in 2020 that increased the upgrade costs to a promised $1.5 billion, U.S. Steel pushed the start date of those upgrades to the fourth quarter of 2022. But today, the company announced it would be scrapping those plans entirely.
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U.S. Steel is becoming the first North American steelmaker to join ResponsibleSteel, a global group that s working to make the steel industry and steel supply chain more sustainable.
The not-for-profit forum is bringing together steel companies to create a framework, standard and certification process to drive the responsible sourcing, production, use and recycling of steel.
âResponsibleSteel is an important part of U. S. Steelâs ESG commitments and the 2050 carbon neutrality goal that we just announced,â U. S. Steel President and CEO David Burritt said. âBy joining ResponsibleSteel we are demonstrating our intent to take our efforts beyond goals and actually deliver profitable solutions for our stakeholders and the planet.â
The steel industry has long been one of the most carbon-intensive in the world, with blast furnaces burning up huge quantities of fossil fuels.
But U.S. Steel is now saying it aims to become carbon neutral by 2050. The Pittsburgh-based steelmaker said it hopes to achieve net-zero carbon emissions within three decades, including by leveraging its growing fleet of electric arc furnaces, but stresses the technology needed to reach that goal isn t widely commercially available yet.
The steelmaker bought the modern mini-mill Big River Steel in Arkansas last year and is now pursuing what it calls a best of both strategy that utilizes both traditional blast furnaces, like those in the steel mills along the Lake Michigan shore, and newer mini-mills, which are far less carbon-intensive, as they re fueled by electricity instead of coking coal.