Nippon Steel has announced it will invest $300 million in two U.S. Steel facilities as part of its $11 billion commitment to the U.S. steelmaker. This is the first detailed investment plan to be made public since the Japanese firm's acquisition of U.S. Steel and is aimed at improving a hot strip mill and building a new slag recycler.
The US currently has an annual crude steel capacity of 22.4 million mt, primarily operating EAF steel mill technology based on electric furnace–steel scrap processes.
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