Nippon Steel (NPSCY) originally planned to spend $14B to keep U.S. Steel’s (X) aging plants operating, but a deadly blast at a mill near Pittsburgh is testing the company’s resolve to follow through on this plan, Bob Tita and Kris Maher of The Wall Street Journal reports. The Mon Valley complex was a focal point of Nippon’s negotiations with Trump and the company pledged $2.2B for upgrades at the plant by 2028, but these projects did not include major repairs to the coke ovens. It will likely cost millions to return the site to normal operations.
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