U.S Steel is going to add $750 Million to its flagship Gary plant thanks to Trump’s tariffs on steel.
U.S. Steel announced Thursday that it is investing $750 million to revitalize its flagship Gary plant to gear up for increased demand in the wake of PresidentÂ Donald Trumpâ€™s tariffs on imported steel.
The company said the investment will make â€œsignificant upgradesâ€ to increase efficiencies at the 110-year-old Northwest Indiana plant, which is U.S. Steelâ€™s largest, employing 3,800 workers.
United States Steel Corporation (NYSE: X) was honored to welcome Indiana Gov. Eric J. Holcomb, Gary Mayor Karen Freeman-Wilson, Gary Common Council President Ronald Brewer and several other officials to its Gary Works facility last week to announce a significant investment in the plant. With the increases in investment due to U.Â S.Â Steelâ€™s $2 billion asset revitalization program, a minimum of $750 million in capital investment will be made to modernize and enhance Gary Works.Â
No new jobs will be added.