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U.S. Steel Industry Momentum: What's Happening in 2026? 🔩🏭📈 In his January 21, 2026, speech at Davos, President Trump noted domestic steel production rising by 300,000 tons per month, with further growth expected, and stated steel plants are being built "all over the country." Recent developments include major investments and projects: Nippon Steel's partnership with U.S. Steel (approved in 2025) commits billions to upgrades and potential new facilities; restarts like the Granite City Works b