U.S. Steel investment in Iron Range could extend region's relevance in industry

Date Published11/05/2022
Author NameMike Hughlett

Additional Reshoring Information:

Company/Division name United States Steel Corporation
Parent companyArcelorMittal
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Year reshoring announced:2022
Year reshoring implemented or to be implemented:2024
Domestically, the work will be done:In-house
Capital investment ($):1,000
City reshored to:Keewatin
State(s) reshored to:MN
If relevant, work nearshored to:-
Industry(ies):Castings/Foundries - Subset of Primary Metal Products
Product(s) reshorediron pellets
What domestic positive factors made reshoring more attractive?Higher productivity
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