United States Steel Corporation X recently announced a site selection process to expand its mini mill steelmaking advantage. The process is a part of the company’s transition to the Best for All strategy. Per the site selection process, it intends to construct a new, three-million-ton mini mill flat-rolled facility in the United States.The planned mini mill will merge two state-of-the-art electric arc furnaces (“EAF”) with differentiated steelmaking and finishing technology, including purchased equipment owned by the company. The continued adoption of mini mill technology will enhance the company’s ability to produce the next generation of highly-profitable proprietary sustainable steel solutions, including Advanced High Strength Steels.The prospective locations include both the states in which the company has existing EAF operations as well as greenfield sites. The related investment is currently estimated at roughly $3 billion, which is likely to be financed from existing cash and expected free cash flow. The final investment requirement will depend on final site selection and scope of value-added downstream finishing assets.The planned investment is an important step toward achieving the company's 2030 goal of reducing global greenhouse gas emissions intensity by 20% from the 2018 baseline. It will also help U.S. Steel progress toward its 2050 net zero carbon emission target. The additional mini mill steelmaking will also establish a platform to expand the verdeX sustainable product line. This will deliver differentiated steels produced through significantly lower GHG emissions compared with the conventional integrated steelmaking process.Shares of U.S. Steel have surged 199.6% in the past year compared with 100.6% rise of the industry.Image Source: Zacks Investment ResearchThe company recently announced its guidance for third-quarter 2021. The company’s adjusted EBITDA is projected around $2 billion, which suggests an increase from the second quarter’s figure of around $1.3 billion.U.S. Steel stated that it expects to achieve record figures in the third quarter. Quarterly adjusted EBITDA and EBITDA margins will be driven by its Best for All business model, strong reliability and quality performance, persistent customer demand as well as sustained rise in steel selling prices.United States Steel Corporation Price and Consensus United States Steel Corporation price-consensus-chart | United States Steel Corporation Quote Zacks Rank & Other Key PicksU.S. Steel currently sports a Zacks Rank #1 (Strong Buy).Some other top-ranked stocks in the basic materials space are Nucor Corporation NUE, The Chemours Company CC and Olin Corporation OLN.Nucor has a projected earnings growth rate of around 508% for the current year. The company’s shares have soared 115.4% in a year. It currently sports a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.Chemours has an expected earnings growth rate of around 86.4% for the current year. The company’s shares have gained 37% in the past year. It currently flaunts a Zacks Rank #1.Olin has an expected earnings growth rate of around 639.3% for the current fiscal. The company’s shares have surged 261.7% in the past year. It currently carries a Zacks Rank #2 (Buy). Infrastructure Stock Boom to Sweep America A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.Download FREE: How to Profit from Trillions on Spending for Infrastructure >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report United States Steel Corporation (X): Free Stock Analysis Report Nucor Corporation (NUE): Free Stock Analysis Report Olin Corporation (OLN): Free Stock Analysis Report The Chemours Company (CC): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research