U.S. Steel lifts $1 billion capital investment project for Mon Valley Works
2021-05-06 09:04:39 [Print]
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The Pittsburgh-based steelmaker said the decision was based on the company's expanded focus on sustainability, a commitment illustrated by its recent announcement to achieve carbon neutrality by 2050.
"As we step forward to meet the needs of a rapidly changing world, we must set aside the Mon Valley endless casting and rolling and cogeneration project," said U.S . Steel President and CEO David Burritt.
. S . Steel Corp . reported April 30 that it had cancelled a more than $1 billion capital investment project slated for its Mon Valley Works.
The Pittsburgh-based steelmaker said the decision was based on the company's expanded focus on sustainability, a commitment illustrated by its recent announcement to achieve carbon neutrality by 2050.
"As we step forward to meet the needs of a rapidly changing world, we must set aside the Mon Valley endless casting and rolling and cogeneration project," said U.S . Steel President and CEO David Burritt.