US Steel building new headquarters in Pittsburgh at Penguins' former arena site

MarketsAssociated Press

United States Steel Corp. has announced it will build its new world headquarters in Pittsburgh as part of the NHL's Penguins' redevelopment of the former Civic Arena site.

Company, team, city and state officials made the announcement Monday.

Continue Reading Below

The steel giant has been in talks with local leaders about whether to remain in Pittsburgh, as the current headquarters in the 64-story U.S. Steel Tower — downtown Pittsburgh's highest building — has shrunk in recent years as other tenants have occupied more space in that building.

The Penguins reached an agreement last fall with local officials about the scope of the $440 million redevelopment.