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Us Iron and Steel Company plans to spend $3 billion to build a new steel plant betting that steel prices will continue to strengthen_SMM

[us Iron and Steel Company plans to spend US $3 billion to build a new steel plant betting that steel prices will continue to strengthen] Thursday (16th US Eastern time), U.S. Iron and Steel (U.S. Steel Corp.)) It was announced that a new steel plant would be built at a cost of about $3 billion. This shows that steelmakers are increasingly convinced that the rise in US steel prices will continue. It is reported that the iron and steel plant under preparation will combine two state-of-the-art electric arc furnaces, (EAF), which mainly uses scrap steel, which is more energy-efficient than traditional coal-based integrated power plants. ....

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