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Originally Posted by Normal
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US Steel is not what it once was.
US Steel produced 8.8 million metric tons of steel in 2022. Nucor Corporation (Charlotte, NC) produced 20.5 million metric tons, and Cleveland-Cliffs Inc. (Cleveland, OH) produced 16.5 million metric tons.
US Steel did not start to modernize its plants until 2010. They still rely on coal blast furnaces in the Pittsburgh area. While most other US companies use electric arc furnace (EAF) that are more efficient.
79% of the steel used in the US is made in the US. The industry is undergoing a transformation, with significant investments in modernizing facilities and adopting more sustainable production methods, such as electric arc furnaces (EAFs). For instance, BlueScope's North Star steelworks in Ohio has invested over $1 billion in expanding its EAF operations, contributing to a resurgence in U.S. manufacturing.