Nippon Steel Raises US Mill Upgrade to $3 Billion as Costs Climb

Nippon Steel announced plans to spend $3 billion on a hot-strip mill in Pennsylvania as part of its $11 billion investment plan for US Steel, which the Japanese company acquired. The mill construction is part of Nippon Steel's broader capital commitment to upgrade US Steel's facilities. No timeline for completion was provided in the announcement.

• Bloomberg — Nippon Steel Raises US Mill Upgrade to $3 Billion as Costs Climb

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