United States Steel Corporation to acquire 49.9% stake in Big River Steel

United States Steel Corporation announced a joint venture partnership to acquire a 49.9% ownership interest in Big River Steel for approximately $700 million in cash, with a call option to acquire the remaining 50.1% within four years. Big River operates a flat-rolled mill in Arkansas with a Phase II-A expansion underway.

“Our new partnership with Big River is designed to accelerate our strategy to offer our customers the 'best of both' by bringing together the capabilities of integrated and mini mill steel production.”globenewswire.com

• 2 sources
• globenewswire.comUnited States Steel Corporation to Acquire 49.9% InterestUnited States Steel CorporationOct 1, 2019
• steelmarketupdate.comU.S. Steel Takes First Step in Acquisition of Big River Steel - Steel Market UpdateSandy WilliamsOct 1, 2019

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