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00:02U.S. Steel plans to invest nearly $3 billion in a new hot strip mill at its plant near Pittsburgh,
00:09according to the Wall Street Journal. The Nippon Steel-owned company said the investment will
00:14replace aging equipment and increase annual production capacity from 2.2 million tons
00:20to about 3.5 million tons. The new mill will feature walking beam furnaces and an inline
00:27slab sizing press to reduce fuel consumption and scrap, while eliminating a cutting step.
00:32The investment will also expand the range of steels U.S. Steel can produce for the automotive,
00:37appliance, and line pipe markets. The company expects initial production in late 2029
00:43and will begin construction after securing the necessary permits.
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