WASHINGTON (dpa-AFX) - United States Steel Corp. (X) announced the restart of construction on a technologically advanced electric arc furnace (EAF) steelmaking facility at its Tubular Operations in Fairfield, Ala., located in Jefferson County. U. S. Steel previously initiated construction of the EAF in March 2015 and suspended construction in December 2015 due to unfavorable market conditions.
The investment to complete the EAF, which includes modernization of the existing rounds caster, is expected to be approximately $215 million and add about 150 full-time employees. The EAF will have an annual capacity of 1.6 million tons. Construction is expected to begin immediately and the furnace is expected to produce steel rounds in the second half of 2020.
Copyright RTT News/dpa-AFX