Steel Mills
Big River Steel Running Second Line Near 90% Capacity
Written by Michael Cowden
January 8, 2021
Big River Steel is running the new, second line at its steel mill in Osceola, Ark., at close to 90% of its rated capacity. “Big River Steel expected and has had another record startup in terms of its second furnace and caster,” said a company spokesperson in an email to Steel Market Update.
The company in October struck an arc at the mill’s new, second EAF and produced its first commercial-grade coil in November.
The expansion is expected to double Big River’s rated capacity from 1.65 million tons to 3.3 million tons per year.
The increased raw materials requirements associated with running two EAFs left Big River scrambling for scrap and paying a significant premium to secure it, some market participants said, noting that the company must compete with the likes of Nucor and Steel Dynamics Inc. (SDI) for metallics.
The Big River spokesperson did not confirm those rumors. “The Big River Steel team, working closely with our metallics partner, Koch, has done a nice job of keeping up with our increased consumption of metallics,” she said.
Koch Industries, one of the biggest private companies on the U.S., has also been among Big River’s biggest stakeholders.
U.S. Steel, which owns a 49.9% stake in Big River, has announced plans to acquire the remaining 50.1% of the company. That deal is expected to close in the first quarter of this year.
“The acquisition is not final yet,” a U.S. Steel spokesperson confirmed. And a more precise timeframe for when the pact might close is not yet available, she added.
Michael Cowden, michael@steelmarketupdate.com
Michael Cowden
Read more from Michael CowdenLatest in Steel Mills
Algoma to shut down line in Ontario ahead of EAF start
The 106” Mill was part of Algoma's plate and strip combination facility.
Nippon trial vs. US government to begin early next month: Report
Nippon Steel’s litigation against the US government is set to begin in early February, according to a report by Japan’s Kyodo News Agency. Nippon will file its opening brief on Feb. 3. And both parties will conclude their claims by March 17 in the US Court of Appeals for the District of Columbia Circuit, Kyodo […]
Nucor carbon targets certified by GSCC
Nucor’s “ambitious” carbon targets by the end of the decade and beyond have been certified by the Global Steel Climate Council (GSCC). The Charlotte, N.C.-based steelmaker used a base year of 2023 for its science-based emissions targets (SBET). It set an SBET of 0.975 metric tons (mt) of CO2 emissions per mt of hot-rolled steel […]
SSAB halts talks with Feds on Miss. green steel plant
The Department of Energy's Industrial Demonstrations Program page states that it is no longer moving forward with SSAB.
Cleveland-Cliffs CEO seeks ‘American solution’ for U.S. Steel
He said a new entity would operate under the U.S. Steel name and would retain its Pittsburgh headquarters.