The U.S. Secretary of Commerce was in Pittsburgh on Monday, celebrating U.S. Steel’s partnership with Nippon Steel of Japan. It had been one year since the historic partnership. Secretary Howard Lutnick was joined by U.S. Steel CEO David Burritt to talk about new investments that are planned for the facility. The planned Hot Strip Mill is part of a multi-billion dollar capital investment in the Mon Valley works. U.S. Steel says it is designed to deliver improved yield and enhance product quality. “You guys, you don’t just work in any industry. Steel is not just any product. Steel is the backbone of our nation. A country that can’t make its own steel can’t build its own bridges, can’t make its own ships, can’t do pipelines, can’t do railcars, can’t do factories, can’t do powerplants, can’t even make a car, can’t even make a truck,” said Lutnick. Last year, when the deal was finalized, Nippon said it would make $11 billion in new investments in U.S. steel by 2028.
PITTSBURGH —
The U.S. Secretary of Commerce was in Pittsburgh on Monday, celebrating U.S. Steel’s partnership with Nippon Steel of Japan.
It had been one year since the historic partnership.
Secretary Howard Lutnick was joined by U.S. Steel CEO David Burritt to talk about new investments that are planned for the facility.
The planned Hot Strip Mill is part of a multi-billion dollar capital investment in the Mon Valley works.
U.S. Steel says it is designed to deliver improved yield and enhance product quality.
“You guys, you don’t just work in any industry. Steel is not just any product. Steel is the backbone of our nation. A country that can’t make its own steel can’t build its own bridges, can’t make its own ships, can’t do pipelines, can’t do railcars, can’t do factories, can’t do powerplants, can’t even make a car, can’t even make a truck,” said Lutnick.
Last year, when the deal was finalized, Nippon said it would make $11 billion in new investments in U.S. steel by 2028.