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US Steel ends plans for $1 5B Pennsylvania plant upgrades

MARC LEVY Associated Press HARRISBURG, Pa. — Pittsburgh-based United States Steel Corp. said Friday that it is canceling a $1.5 billion project to bring a state-of-the-art improvement to its Mon Valley Works operations in western Pennsylvania, saying the world has changed in the two years since it announced its intentions. Project permits initially stalled by the pandemic never came through, U.S. Steel has added capacity elsewhere, and now it must shift its focus to its goal of eliminating greenhouse gas emissions from its facilities by 2050, it said. U.S. Steel revealed the news in an earnings call Friday morning and in an “open letter” on social media, putting an end to what would have been one of the largest industrial investments in Pennsylvania.

United States Steel Corp (X) Q1 2021 Earnings Call Transcript

United States Steel Corp (X) Q1 2021 Earnings Call Transcript Motley Fool Transcribers © The Motley Fool Logo of jester cap with thought bubble. United States Steel Corp (NYSE: X) Popular Searches Operator Good morning, everyone, and welcome to United States Steel Corporation s First Quarter 2021 Earnings Conference Call and Webcast. As a reminder, today s call is being recorded. I ll now hand the call over to Kevin Lewis, Vice President of Investor Relations and Corporate FP&A. Please go ahead.SPONSORED: 10 stocks we like better than United States Steel When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade,

Earnings Scheduled For April 29, 2021

Earnings Scheduled For April 29, 2021
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