PITTSBURGH–(BUSINESS WIRE)–At its final meeting of the year, U. S. Steel’s Board of Directors approved the funding for the full $350 million Gary Works blast furnacePITTSBURGH–(BUSINESS WIRE)–At its final meeting of the year, U. S. Steel’s Board of Directors approved the funding for the full $350 million Gary Works blast furnace

U. S. Steel Makes Strategic Progress on Indiana Projects Backed by Nippon Steel Partnership

PITTSBURGH–(BUSINESS WIRE)–At its final meeting of the year, U. S. Steel’s Board of Directors approved the funding for the full $350 million Gary Works blast furnace reline project. Relining Blast Furnace #14 is critical maintenance needed to allow Gary Works to continue to meet customer commitments and ensures the long-term iron making capabilities and capacities at Gary Works. Blast Furnace #14, the largest of four at Gary Works, produces iron for high-strength steel used in everything from cars to buildings, using iron ore pellets from its Minnesota Ore facilities.

Major investments in upgrades at the hot strip mill, where steel slabs are converted to coils, and the steel shop, where iron is converted to steel, continue to advance. Those upgrades are expected to cost roughly $200 million. U. S. Steel is working with the Indiana Department of Environmental Management to secure necessary permits for those upgrades, submitting its air permit and stormwater construction plans in December. These projects and collection of investments, once operational, will enhance steelmaking capabilities, improve competitiveness, and increase capacity.

“Each milestone represents tangible progress on our mission to invest billions in the future of American steelmaking,” said David B. Burritt, President and CEO of U. S. Steel. “These Gary Works projects will fuel American manufacturing and expand opportunities for Hoosiers. From the iron range to the finishing lines, these projects are the definition of investing in steel mined, melted and made in America.”

These advancements build on strong momentum across U. S. Steel, supported by Nippon Steel’s advanced technology and commitment to invest $11 billion by the end of 2028. Shared technical expertise is accelerating key upgrades and reinforcing capabilities that customers rely on nationwide.

About U. S. Steel

Founded in 1901, U. S. Steel delivers profitable and sustainable steel solutions. Propelled by its talented employees and an unwavering focus on safety, U. S. Steel serves the automotive, construction, appliance, energy, containers, and packaging industries with high value-added steel products. Steel production begins with our competitively advantaged iron ore production capabilities which fuel our integrated steelmaking facilities and investments in electric arc furnaces. To help our customers create the best products with the fewest emissions, we are committed to reaching net-zero greenhouse gas emissions by 2050. U. S. Steel is at the forefront of creating steels that are stronger, lighter, and better for the environment. This includes our proprietary XG3® advanced high-strength steel, verdeX® steel produced with 70-80% lower CO2 emissions with a recycled content of up to 90%, and ultra-thin lightweight InduX™ steel for electric vehicles, generators, and transformers. U. S. Steel maintains operations across the United States and in Central Europe and is headquartered in Pittsburgh, Pennsylvania. For more information, please visit www.ussteel.com and follow U. S. Steel on LinkedIn, Instagram, Facebook, and X.

Contacts

U. S. Steel Media Relations

T – (412) 433-1300

E – media@uss.com

Market Opportunity
Union Logo
Union Price(U)
$0.002856
$0.002856$0.002856
-0.20%
USD
Union (U) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Legendary Trader Peter Brandt Spots ‘Very Reliable’ Bitcoin Pattern as $90,000 Break Fails to Hold

Legendary Trader Peter Brandt Spots ‘Very Reliable’ Bitcoin Pattern as $90,000 Break Fails to Hold

The post Legendary Trader Peter Brandt Spots ‘Very Reliable’ Bitcoin Pattern as $90,000 Break Fails to Hold appeared on BitcoinEthereumNews.com. Legendary trader
Share
BitcoinEthereumNews2025/12/23 10:42
Fed Decides On Interest Rates Today—Here’s What To Watch For

Fed Decides On Interest Rates Today—Here’s What To Watch For

The post Fed Decides On Interest Rates Today—Here’s What To Watch For appeared on BitcoinEthereumNews.com. Topline The Federal Reserve on Wednesday will conclude a two-day policymaking meeting and release a decision on whether to lower interest rates—following months of pressure and criticism from President Donald Trump—and potentially signal whether additional cuts are on the way. President Donald Trump has urged the central bank to “CUT INTEREST RATES, NOW, AND BIGGER” than they might plan to. Getty Images Key Facts The central bank is poised to cut interest rates by at least a quarter-point, down from the 4.25% to 4.5% range where they have been held since December to between 4% and 4.25%, as Wall Street has placed 100% odds of a rate cut, according to CME’s FedWatch, with higher odds (94%) on a quarter-point cut than a half-point (6%) reduction. Fed governors Christopher Waller and Michelle Bowman, both Trump appointees, voted in July for a quarter-point reduction to rates, and they may dissent again in favor of a large cut alongside Stephen Miran, Trump’s Council of Economic Advisers’ chair, who was sworn in at the meeting’s start on Tuesday. It’s unclear whether other policymakers, including Kansas City Fed President Jeffrey Schmid and St. Louis Fed President Alberto Musalem, will favor larger cuts or opt for no reduction. Fed Chair Jerome Powell said in his Jackson Hole, Wyoming, address last month the central bank would likely consider a looser monetary policy, noting the “shifting balance of risks” on the U.S. economy “may warrant adjusting our policy stance.” David Mericle, an economist for Goldman Sachs, wrote in a note the “key question” for the Fed’s meeting is whether policymakers signal “this is likely the first in a series of consecutive cuts” as the central bank is anticipated to “acknowledge the softening in the labor market,” though they may not “nod to an October cut.” Mericle said he…
Share
BitcoinEthereumNews2025/09/18 00:23
Ethereum Price Prediction: ETH Targets $10,000 In 2026 But Layer Brett Could Reach $1 From $0.0058

Ethereum Price Prediction: ETH Targets $10,000 In 2026 But Layer Brett Could Reach $1 From $0.0058

Ethereum price predictions are turning heads, with analysts suggesting ETH could climb to $10,000 by 2026 as institutional demand and network upgrades drive growth. While Ethereum remains a blue-chip asset, investors looking for sharper multiples are eyeing Layer Brett (LBRETT). Currently in presale at just $0.0058, the Ethereum Layer 2 meme coin is drawing huge [...] The post Ethereum Price Prediction: ETH Targets $10,000 In 2026 But Layer Brett Could Reach $1 From $0.0058 appeared first on Blockonomi.
Share
Blockonomi2025/09/17 23:45