Pittsburgh-based United States Steel Corp. said it would spend $475 million to add to its existing tubular-steel plant in Fairfield, Alabama, one of the many billion-dollar investment projects the company has announced in the year since the Nippon Steel acquisition.
The U.S. Steel board of directors voted Wednesday to go ahead with a Quench & Tempering Line at the Fairfield Tubular Operations plant, which the company said will increase its capacity to make heat-treated steel for the oil and gas industry. That demand from the oil and gas industry, now and in the future, underlies the decision. U.S. Steel will also build a virtual reality training center at Fairfield.
The company expects to have the project completed and the line operational by the second quarter of 2029.
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