US Steel will have a monumental impact on Alabama's steel industry

US Steel plans to invest $ 215 million to restart the billet steel furnace by 2020.

An announcement by a US steel company in Pittsburgh to resume construction work on a state-of-the-art electric arc furnace (EAF) at a steel mill in Fairfield, Alabama is likely to generate significant growth for the Alabama steel industry. In addition, it is expected to provide long-term prospects for the pipe business in the region.

Mark Brown of the Birmingham Business Alliance noted that US Steel's massive investment will put Birmingham back on the map in the steel industry that has formed the backbone of the region. Sustainable technology at the new facility will further strengthen the future of the steel industry in Birmingham for years to come. The decision will have a monumental impact and will drive the region's future growth, he added.

According to the Alabama Department of Commerce, ADIT has already committed about $ 1.4 million in construction assistance. The agency will provide recruitment, pre- and post-recruitment training for staff assigned to the facility. The company said in a press release that it aims to create 150 new jobs, bringing the total number of Fairfield employees to 900 by 2020.

US Steel plans to invest $ 215 million. USA to restart the billet steel furnace by 2020. Construction, which once resumed in March 2015, was later suspended by December 2015 due to unfavorable market conditions.