Steel Mills
Big River Proceeds with Plans for Texas Mill
Written by Sandy Williams
October 17, 2019
Even after selling nearly half the company to U.S. Steel, Big River Steel intends to move ahead with its plans for a new EAF mill in Brownville, Texas, according to comments from CEO Dave Stickler to S&P Global Platts.
Stickler said that a development company has been formed called Brownsville Investment Group LLC to handle the development work for the project.
The Texas plant will be modeled after the one in Osceola, Ark. It will take a few years for permits to be approved and construction completed. Big River is also doubling its annual capacity next year at the Osceola mill to 3.3 million tons. The recent acquisition of 49.9 percent of the company by U.S. Steel is not deterring Big River from making strategic investments, Stickler said.
When asked about fears of an oversupply of capacity in the U.S., and the new Steel Dynamics mill practically on Brownsville’s doorstep, Stickler said neither bothers him as Big River has a better location with ready access to the water and opportunity to serve Mexico.
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills
Ternium swings to Q3 loss, eyes 2026 recovery
Ternium closed the third quarter with steady shipments and improving margins. But trade policy uncertainty and subdued demand in Mexico weighed on the Latin American steelmaker’s results.
Algoma’s losses widen in Q3 as tariff troubles continue
Algoma Steel’s net loss more than quadrupled in the third quarter on trade woes and its EAF transition. Separately, the company announced a change in leadership, as CEO Michael Garcia will retire at the end of the year.
Cliffs, POSCO announce MoU for ‘transformative’ partnership
Cleveland-Cliffs on Thursday said it had signed a memorandum of understanding (MoU) with POSCO to forge a strategic partnership, one Cliffs bills as "transformative."
Cliffs touts steel stamping solution to replace aluminum in automotive
Cliffs said it successfully completed a defect-free trial production of exposed steel parts using aluminum-forming equipment in collaboration with an unnamed OEM,
Nucor navigates mixed flat-rolled markets with strategic muscle
Nucor entered the fourth quarter with clear forward momentum: stronger-than-expected results, solid sheet and plate demand, and construction progress on a major new mill that should add capacity next year.