# U.S. Steel invests $700M in Big River Steel joint venture

Big River Steel announced a joint venture agreement with U.S. Steel, receiving $700 million in cash for a 49.9% ownership interest. The deal values Big River at $2.325 billion and includes an option for U.S. Steel to acquire the remaining 50.1%.

- Type: Investment
- Announced: 2019-10-01
- Where: Osceola, Arkansas, United States
- Value: $700.0M
- Status: announced
- Products: flat-rolled steel, electrical steel
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

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

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/big-river-steel-attracts-700m-investment-from-u-s-steel-300928601.html), 2019-10-01: "As partners with U. S. Steel, we intend to prove to the world that the best way to make steel is by combining the best of traditional integrated steel making with the best of electric arc furnace mini mill steel making."
- [wsj.com](https://www.wsj.com/articles/u-s-steels-turnaround-plan-runs-through-big-river-mill-11582200010), 2020-02-20: "U.S. Steel in October bought a $700 million stake in three-year-old Big River Steel LLC"

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