U.S. Steel planning $50 million in investments in Gary Works

U.S. Steel is investing more than $50 million in its Gary Works steel mill this year as it looks to make its operations more efficient to capitalize off higher steel prices. The steelmaker announced a $1.2 billion flat-rolled segment asset revitalization program over the next few years aimed at improving profitability and competitiveness. "We are seeing a more bullish sentiment in the markets served by our Flat-Rolled and European segments right now, as prices have been increasing and overall demand has been stable," U.S. Steel Chief Executive Officer David Burritt said in a conference call with investors Tuesday. "Our investment in our facilities and our people continues to increase. These

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