Big River Steel

United States Steel Corporation exercised its call option to acquire the remaining equity of Big River Steel for approximately $774 million. The transaction is expected to close in Q1 2021.

Big River Steel successfully started up the second phase of its scrap metal recycling and flat-rolled steel production facility in Osceola, Arkansas, doubling capacity to 3.3 million tons annually, ahead of schedule and under budget.

Big River Steel has entered into an exclusive agreement with Koch Metallics LLC to acquire metallics for its steelmaking operations, leveraging Koch's global supply and transportation capabilities.

Big River Steel is doubling its annual steel production capacity from 1.65 million to 3.3 million tons at its mill in Osceola, Arkansas, with completion expected by end of 2020, ahead of schedule. The $700 million expansion began in June 2019.

U.S. Steel Corp. is acquiring a majority interest in Big River Steel, a minimill, and intends to own all of it in the near future.

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.

Flack Global Metals announced plans to build a new coil coating and downstream processing facility adjacent to Big River Steel in Osceola, Arkansas. The facility will cost approximately $150 million and create more than 150 jobs, with construction expected to begin in summer 2020 and production in late 2021.

Array Technologies has entered into a long-term agreement with Big River Steel for the supply of steel products used in solar tracking equipment.

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%.

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.

Air Products announced an agreement to build, own and operate a second air separation unit at Big River Steel's Osceola, Arkansas mill. The new ASU will produce over 250 tons per day of oxygen and is scheduled to be onstream in January 2021.

Big River Steel has commissioned SMS group to expand its steel plant in Osceola, Arkansas, increasing annual output to about three million tons. The expansion includes a second electric arc furnace, second CSP strand, and additional equipment.

Big River Steel awarded Russula a contract to supply the water treatment solution for its Flex Mill expansion that will double hot-rolled steel production capacity to 3.3 million tons annually. The startup is estimated for the fourth quarter of 2020.

Big River Steel announced a $1.2 billion expansion of its LEED-certified scrap recycling and steel production facility in Osceola, Arkansas. The expansion will double hot-rolled steel production capacity to 3.3 million tons annually and enhance electrical steel capability.

Big River Steel LLC selected the Port of Brownsville as the site for a $1.6 billion steel plant modeled after its Osceola, Arkansas facility, expected to support 500 jobs.