Integrated steel producer United States Steel Corporation (NYSE:X) recently announced that its new steel mill will be located in Osceola, Arkansas. The mill is expected to commence operations in 2024. Following the news, shares of the company declined marginally to close at $24.34 in Tuesday’s extended trading session. The new facility is aimed at making the steel production process more environmentally sustainable. To that end, upon completion, the facility is likely to feature two electric arc furnaces (EAFs) with three million tons per year of advanced steelmaking capability, an endless casting and rolling line, and advanced finishing capabilities. CEO's Comments The CEO of U.S. Steel, David B.
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US Steel (NYSE:X)
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