US Steel details plans to invest $11 billion by 2028 across all business segments

Core Points - United States Steel has announced a billion-dollar multiyear growth plan in partnership with Nippon Steel, focusing on modernizing its operations [1][2] - The partnership, finalized five months ago, is valued at nearly $15 billion and includes a "golden share" provision for federal oversight [1][2] - The combined entity is now the world's fourth-largest steelmaker, with Nippon committing to invest $11 billion to upgrade U.S. Steel's facilities by the end of 2028 [2] Investment and Savings - The growth plan aims to unlock $2.5 billion in savings from capital investments and an additional $500 million from operational efficiencies [2] - U.S. Steel has identified over 200 initiatives for cost savings across all business segments, supported by nearly 50 professionals from Nippon Steel [3] Modernization and Job Creation - The company is focusing on modernizing and expanding manufacturing operations, as well as enhancing research and development for "higher value, lower emission steel" [3] - The plan is projected to protect and create over 100,000 jobs nationwide, although specific details were not provided [3] Workforce Engagement - The president of United Steelworkers International emphasized the importance of investing in the skilled, union workforce as Nippon and U.S. Steel outline their vision [4]