United States Steel Corporation announced Monday it will resume construction on its electric arc furnace (EAF) steelmaking facility in Fairfield. It will also hire 150 workers. U.S. Steel originally began construction on the $215 million facility in March 2015. Citing unfavorable market conditions, the company suspended construction that December.
President and Chief Executive Officer, David B. Burritt, says President Trump's tariff policies, among other factors, played a role in the corporation's ability to restart the project.
“Thanks to the President’s strong trade actions and improved market conditions, support from the United Steelworkers and incentives from the State of Alabama and the Jefferson County Commission, we are excited to add EAF capabilities to our company’s footprint and provide sustainable tubular solutions for our customers,” said Burritt.
Burritt says they can now resume the project due to favorable market conditions and performance stage gates required to restart the EAF.
U.S. Steel representatives say the EAF will be a technologically advanced facility with an annual capacity of 1.6 million tons. Company representatives say construction is expected to begin immediately. The facility aims to produce steel rounds in the second half of 2020.