United States Steel Corp. and Nucor Corp. each announced plans this week to build multibillion-dollar steel mills as the steel sector moves to modernize and electrify amid rising demand.
Both mills will operate electric arc furnaces (EAF), which are fed by electricity instead of coal, to produce steel. Philip Bell, president of the Steel Manufacturers Association, says the projects are part of a larger realignment to replace inefficient steel production with efficient steel production.