Steelmakers Announce Investments of $5.6B in U.S. Steel Mills


Source: NWI Times

Two major international steel corporations recently announced plans to invest in existing steel mills in along the northwest Indiana lakeshore, as part of collective bargaining agreements reached with the United Steelworkers union.

ArcelorMittal, based in Luxembourg, and Pittsburgh-based U.S. Steel together will invest $5.6 billion into their U.S. operations in an effort to ensure that the local mills remain sustainable, including Gary Works, U.S. Steel’s largest mill.

Main image caption: David Burritt, president and CEO of U.S. Steel Corp., announces a major investment in the company’s Gary Works plant (in August).

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