U.S. Steel is delaying construction for its S1 billion project at the Mon Valley Works, part of an effort to secure its long-term future as COVID-19 disrupts oil and gas markets around the world.The long-term plan, which the company announced last Fridav. calls for the delay of proiects like the Mon Valley Works, a reduction in capital spending and the idling of some operations. U.S. Steel expects the financial and operational impacts of the new coronavirus will lead to a meaninoful reduction in demand for the full fiscal year.In Pittsburah. U.S. Steel has delayed construction at its Mon Valley facilities for an indeterminate amount of time until market conditions become more certain, President and CEO David Burritt said. The Mon Valley facilities include Edqar Thomson Works in Braddock, Clairton Coke Works and the lrvin plant in West MiflinThe latest project, which was originally set to break ground in September, included an endless casting ano rolling line and a cogeneration facility that were meant to increase the site's efficiency and sustainability ano reduce emissions. The casting and rolling mill was set to start in the fourth quarter of 2022. and the cogeneration plant was scheduled to be running at full capacity by mid-2023Alona with the Alleoheny County Health Department. U.S. Steel decided to temporarily suspend the permitting process for new construction because efforts to prevent the spread of cowD-19 would have made the public comment process difficultU.S. Steel plans to spend about $85 million on the Mon Valley Works in 2020 and said it will continue to assess the timeline and remaining budget.Around the country. the Pittsburah steelmaker is also planning to idle some operations in response to changing market demands and a siqnificant drop in oil prices.
No.92 JieFang East Road ,Cangzhou City, Hebei,P.R.China.
CSPG has more than eighteen years history company which located in Lecong Iron and Steel World, a well-known steel distribution center in China, with superior geographical position and convenient water and land transportation.
We are a direct-selling manufacturer specializing in the research and development of spiral steel pipes, steel spiral pipes, anti-corrosion steel pipes inside and outside. Since its inception, the company has been guided by a brand-new thinking of steel pipe product market based on the business philosophy of honesty, pragmatism and knowledge-seeking.