Steel Investments Expected to Add 8% to National Capacity


Steel Investments Expected to Add 8% to National Capacity

Investments underway in the U.S. steel industry are expected to add about 8% to industry steelmaking capacity, according to a Congressional Research Service report issued in May.

Most of these investments are in electric arc furnace, or EAF, mills, “continuing the long-standing shift away from integrated production,” said the report, “Domestic Steel Manufacturing: Overview and Prospects.” 

“For example, in 2021, the United States Steel Corporation (U.S. Steel), now the third-largest producer of raw steel in the United States, canceled plans to modernize its integrated Mon Valley Works in western Pennsylvania and discontinued production of raw steel at its integrated Great Lakes Works near Detroit. 

“U.S. Steel also acquired full control of an Arkansas mini-mill operator, Big River Steel, which is building a new mill with an EAF.”