Steel Mills
Big River Steel Announces Phase Two Start-up
Written by Sandy Williams
November 18, 2020
Big River Steel has successfully started up a second electric arc furnace at its mill in Osceola, Ark., completing the Phase Two expansion that doubles the capability of the advanced steelmaking facility ahead of the original timeline.
“When describing the success of our Phase Two construction efforts, I am extremely proud to be able to use my five favorite words: ‘ahead of schedule’ and ‘under budget.’ This achievement is a testament to the hard work and can-do attitude of our employees,” said Dave Stickler, Big River Steel’s chief executive officer.
The $716 million expansion doubles Big River Steel’s production capacity to 3.3 million tons annually. The commissioning of Phase Two, originally scheduled for Jan. 27, is more than two months early and already producing high-quality steels. The expansion adds a second EAF, ladle metallurgical station, thin-slab continuous caster, tunnel furnace and hot mill downcoiler.
Big River Steel plans to reach full capacity in less than five months. Once achieved, BRS will produce close to 5,000 tons of steel per employee per annum, up almost 66 percent from the already world class 3,000 tons of steel per employee currently produced, the company claimed.
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills
‘Orderly liquidation’ of AHMSA assets begins
A trustee has formally taken over AHMSA and begun the liquidation process of the bankrupt Mexican steelmaker.
Nippon buying stake in Canadian iron ore project
Nippon Steel and a Japanese trading company have entered an agreement to buy a 49% interest in a Champion Iron ore project in Canada.
USS anticipates Q4 loss on weak demand, BR2 start-up
Amid a challenging pricing and demand environment, and with the ongoing ramp-up of the Big River 2 mill, USS is anticipating a loss for the fourth quarter.
Nucor blames steel mills segment for depressed Q4 guidance
Nucor cited decreased volumes and prices in it steel mills segment as the key driver of its lower guidance for the fourth quarter.
SDI warns of lower Q4 profits on weak prices, Butler outage
The Fort Wayne, Ind.-based steelmaker and metal recycler expects Q4'24 earnings guidance in the range of $1.26 to $1.30 per diluted share.