# 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.

- Type: Acquisition
- Announced: 2019-10-01
- Where: northeast Arkansas, United States
- Value: $700.0M
- Status: announced
- Capacity: 3.3 million tons of hot-rolled steel annually (after Phase II-A expansion)
- Products: flat-rolled steel, advanced automotive steels, electrical steels
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [United States Steel Corporation](https://endata.com/companies/15282.md) (acquirer)
- [Big River Steel](https://endata.com/companies/31552.md) (target)

## Sources

- [globenewswire.com](https://www.globenewswire.com/news-release/2019/10/01/1923128/0/en/united-states-steel-corporation-to-acquire-49-9-interest-in-big-river-steel-creating-partnership-with-clear-path-to-consolidation.html), 2019-10-01: "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."
- [steelmarketupdate.com](https://www.steelmarketupdate.com/2019/10/01/u-s-steel-takes-first-step-in-acquisition-of-big-river-steel/), 2019-10-01: "U.S. Steel announced today it will acquire a 49.9 percent ownership interest in Big River Steel at a purchase price of $700 million with the intent to acquire the remaining shares within the next four years."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.