Welcome to Refwin.com Sign In Join Free Home Inquiry Contact Mobile Publications Free E-Weekly News
  • Directory
  • Price
  • Market
  • Buy
  • News
  • Calendar
  • Dictionary
Company News Industry News Refwin in the News Home > News

US Steel completes Big River Steel purchase

2021-01-18

Jan. 18, 2021 - On January 15, United States Steel Corporation (U. S. Steel) announced it completed the purchase of electric arc furnace (EAF) steelmaker Big River Steel (Big River Steel) for approximately $774 million from cash on hand.

 

Big River Steel recently completed a 1.65mn short ton (st)/yr expansion, doubling its flat-rolled capacity. The company had also been mulling building a new mill in Brownsville, Texas, on the US border with Mexico.

 

The purchase makes Big River Steel the first flat-rolled EAF mill for US Steel. The company recently commissioned its first EAF at its tubular works in Fairfield, Alabama, which will create rounds for seamless pipe products.

 

The acquisition is the latest in a string of acquisitions by US-based integrated steelmakers. Cleveland-Cliffs, which began 2020 as an iron ore miner, bought steelmaker AK Steel in early 2020 before moving on to buy the majority of the steelmaking assets of ArcelorMittal USA in December.

 

ArcelorMittal, which maintains steelmaking assets in Canada, Mexico and the US, is building a 1.5mn metric ton (t)/yr (1.65mn st/yr) EAF at its rerolling mill in Calvert, Alabama, which currently relies on imported slabs for its production.

About Us Site Map Service Our Partners Links Inquiry Contact FAQ Privacy Statement Technical Support

Sponsored by: ACRI (The Association of China Refractories Industry), Tangshan YinNaiLian E-Business Co., Ltd.

Copyright © 2005-2020 Refractories Window All Rights Reserved

Tel: +86-315-5918500 Fax: +86-315-5918828 Email: info@refwin.com

ICP经营许可证编号: 冀B2-20060049 ICP备案号: 冀ICP备17015545号

冀公网安备 13024002000198号 营业执照