US Steel to Build New Steel Mill in Osceola, Arkansas

URLhttps://www.industryweek.com/leadership/growth-str
SourceIndustry Week
Date Published01/12/2022
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name United States Steel Corporation
Type of work Manufacturing
Reshoring category:Reshoring
Year reshoring announced:2022
Year reshoring implemented or to be implemented:2024
Domestically, the work will be done:In-house
Capital investment ($):3000
City reshored to:Osceola
State(s) reshored to:AR
If relevant, work nearshored to:-
Industry(ies):Primary Metal Products (not including Foundries and Castings)
Product(s) reshoredsteel milling
What non-domestic negative factors made offshoring less attractive?Supply chain interruption risk/Natural disaster risk/Political instability
What domestic positive factors made reshoring more attractive?Eco-system synergies, Government Incentives, Infrastructure, Proximity to customers/market, U.S. price of natural gas/chemicals/electricity
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