US Steel Cancellation Leaves Western Pennsylvania With Questions Over Steel's Future
StateImpact Pennsylvania US Steel recently canceled more than $1 billion in planned upgrades to its Mon Valley plants. The news was first announced to a room full of workers, politicos, and media. US Steel was spending over $1 billion to upgrade its steel plants in western Pennsylvania. But two years later, on an April 30 earnings call, CEO David Burritt announced the company had made a “difficult choice”: it was scrapping the upgrade plan after all. Burritt said the Mon Valley project was a casualty of the company’s pledge to become carbon neutral by 2050. “We aspire to be part of ...
Source: wesa.fm