U.S. Steel acquires 49.9% interest in Big River Steel

United States Steel Corporation purchased a 49.9% ownership interest in Big River Steel, with a call option to acquire the remaining 50.1% within four years. The implied enterprise value of Big River, including its Phase II-A expansion, is approximately $2.325 billion.

“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.”mfgnewsweb.com

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• mfgnewsweb.comU.S. Steel Corp. Acquires 49.9% Interest in Big River SteelDec 1, 2019

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