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Stock impact report

United States Steel Celebrates Opening of DR-Grade Pellet Production Facility in Minnesota

United States Steel Corporation (X) 
Last united states steel corporation earnings: 4/30 04:16 pm Check Earnings Report
US:NYSE Investor Relations: ussteel.com/investors
Company Research Source: Business Wire
The $150 million investment expands on the Company’s existing competitive advantage in low-cost iron ore KEEWATIN, Minn.--(BUSINESS WIRE)--U. S. Steel (NYSE: X) (“U. S. Steel”) today celebrated the launch and operational readiness of its direct reduced (DR)-grade pellet production facility at its Minnesota Ore Operations-Keetac Plant. Having already confirmed the first shipment of DR-grade pellets, the Keetac facility is on track to deliver approximately four million tons of pellets annually. The $150 million investment marks a step forward in U. S. Steel’s metallics strategy by supplying the increasingly tight DR-grade pellet market with low-cost iron ore and building on the company’s ability to meet customer needs.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240523633782/en/Minnesota Governor Tim Walz; David B. Burritt, President and CEO of U. S. Steel; Kristen Vake, Executive Director, Iron Mining Association of Min Show less Read more
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