Nippon Steel to Double Investment in US Steel’s Pennsylvania Facility

An investment update from the U.S. subsidiary of Nippon Steel outlined $2.5 billion in planned investments—up from the initial $1 billion figure.

U.S. Steel Edgar Thomson Steel Works in Braddock, Pa., on March 10, 2018. Drew Angerer/Getty Images

U.S. Steel, the U.S. subsidiary of Nippon Steel, has announced that its Japan-based parent company will double its investment in its Pennsylvania facilities over the next three years, which is expected to modernize the U.S. steel producer and revitalize the local economy.

According to an updated economic impact analysis released by U.S. Steel on June 8, the planned capital investment for its steelmaking facility in Mon Valley is now expected to cost up to $2.5 billion.