Posted on 23 Mar 2015
US Steel announced that the company will invest two projects with
US$277.5 million, including an electric arc furnace to compliment an
existing steel mill in Fairfield.
Besides, it will build a pipe factory at the same steel mill in order to supply for the oil and gas industry.
The new furnace is expected to start the construction in the second
quarter this year and expected to be completed in the third quarter this
year.
In the meantime, the new pipe plant is expected to start in the second
quarter of this year and it is expected to be completed in the first
quarter of 2016.
