U.S. Steel (X) Launches $150M Pellet Production Facility
XU. S. Steel(X) zacks.com·2024-05-28 00:26

United States Steel Corporation (X) officially launched its new direct reduced (DR)-grade pellet production facility at the Keetac Plant in Minnesota. The facility, which commenced its first shipments, is set to produce around four million tons of pellets annually. This $150-million investment marks a significant move in the company’s metallics strategy, aimed at supplying the tight DR-grade pellet market with low-cost iron ore while enhancing its ability to meet customer demands. The Keetac facility boasts ...