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Stock impact report

United States Steel Celebrates Opening of DR-Grade Pellet Production Facility in Minnesota [Yahoo! Finance]

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: Yahoo! Finance
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. The new production facility will maintain optionality, able to produce either DR-grade iron ore pellets or blast furnace iron ore pellets, allowing the Company to adjust to changing market conditions. Minnesota Governor Tim Walz and other elected officials joined the celebration, along with U. S. Steel President and CEO David B. Burritt, Senior Vice President - Raw Materials and Sustainable Resources John Gor Show less Read more
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