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In the face of most Democrats' opposition, US Steel cancels a - billion-dollar investment

Posted: May 4th, 2021 - 11:23 am

Exactly two years ago, U.S. Steel Corporation announced that the company would turn its Mon Valley operations into a key source of lightweight steel for the automotive industry.

At the time, local leaders and company officials called the investment “transformational.”

It involved a whopping $1.5 billion upgrade to its Mon Valley Works.

On Friday, U.S. Steel said after months of tug-of-war with the Allegheny County Health Department, it is canceling the $1.5 billion upgrade and idling three batteries at Clairton Coke Works by 2023.

President Joe Biden said in his joint speech in front of Congress that there there's no reason that steel can't be continually manufactured in the United States and by doing it in a safe and green way, in a environmentally efficient way. Biden even riffed, “There's no reason the blades for wind turbines can’t be built in Pittsburgh instead of Beijing.”

U.S. Steel said in a statement that a dragged-out delay from Allegheny County officials for permitting the project contributed to their decision, along with the new direction that the company is taking to focus on sustainability.

Allegheny County chief executive Rich Fitzgerald, a city Democrat, said he was “blindsided by the news.”

Manufacturers may have to relocate to places where there are no unions or outside the country. This makes hollow Biden’s promise to protect union jobs and bring back manufacturing — and it will be doubly hollow if he looks the other way when things like this happen.

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In the face of most Democrats' opposition, US Steel cancels a - billion-dollar investment (Views: 471, 2021-05-04, 11:23 am)
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