The Japanese steel company Nippon Steel has released the details of its planned investments of $ 4 billion in a new steel plant with an electric shock (EAF) for its American subsidiary US STEEL, which, as expected, will begin in 2029.
according to local media, so Mori. Nippon Steel vice president and US Steel Chairman said that the plant will produce steel from scrap metal using two large electric shoes. The annual production capacity of the plant will be about 3 million tons of steel. Although the exact location has not yet been chosen, Mori confirmed that several states of the United States have expressed interest, and the decision will be made in the first half of the next year after assessing the availability of land and working conditions.
it is expected that after commissioning a new mill will create thousands of jobs in the selected state.
