The restart would involve energy-efficient technologies in addition to new emission controls to exceed current environmental standards. The expansion would increase Keetac's iron pellet production output by 3.6 million tons to a total annual output of 9.6 million tons. Upgrades to the mining, concentrating and agglomerating processes would support the increased production requirements. The program includes the purchase of additional mining equipment and the installation of additional processing equipment.
U. S. Steel, working with agencies and the appropriate stakeholders, expects to file for environmental permits later this year.
"U. S. Steel's Minnesota Ore Operations have been providing iron-bearing
pellets to our operations in the
Keetac produces six million tons of pellets annually. Minnesota Ore Operations is Minnesota's largest producer of iron ore pellets, the key ingredient used to make steel.
This release contains forward-looking statements concerning the restart of
the existing line. The timing, cost and ultimate capability of the facilities
are subject to, among others, the receipt of necessary government permits,
terms of construction contracts, availability of necessary technology and
materials, general economic conditions and the financial condition of U. S.
Steel. In accordance with "safe harbor" provisions of the Private Securities
Litigation Act of 1995, cautionary statements identifying important factors,
but not necessarily all factors, that could cause actual results to differ
materially from those set forth in the forward-looking statements have been
included in the Form 10-K of U. S. Steel for the year ended
For more information about U. S. Steel, visit www.ussteel.com.
SOURCE