U.S. Steel Approves Nearly $3 Billion for a New Hot Strip Mill at Mon Valley Works

PITTSBURGH, Pa. — U. S. Steel's board has approved full funding for a nearly $3 billion investment in a new hot strip mill at the company's Mon Valley Works, the company announced Oct. 22. The mill will be built at the Edgar Thomson Plant near Pittsburgh and will raise annual production capacity from approximately 2.2 million tons to approximately 3.5 million tons.

Construction will begin after necessary permits are received, with initial production expected in late 2029. The release does not state a number of new direct jobs. It cites an economic impact study by Parker Strategy Group that estimates the project will support between 5,100 and 6,300 jobs across Pennsylvania. No public incentive is described in the release.