Alabama set to benefit from U.S. Steel’s $11 billion national expansion

Alabama’s steel industry stands to benefit significantly from the newly finalized $14.9 billion acquisition of U.S. Steel by Japan-based Nippon Steel Corporation. The historic partnership, officially announced on June 18, is expected to lead to substantial investments in domestic steel operations, including as much as $500 million allocated for improvements at U.S. Steel’s Fairfield facility in Jefferson County. According to the official press release issued by U.S. Steel, the combined companies plan to invest approximately $11 billion across U.S. Steel’s American operations by 2028.