Steel Mills
U.S. Steel Opens New NGO Electrical Steel Line at BRS
Written by David Schollaert
October 12, 2023
U.S. Steel Corp. celebrated the opening of its $450-million non-grain oriented (NGO) electrical steel line at its Big River Steel Works in Osceola, Ark.
The Pittsburgh-based steelmaker was joined by local and state officials for its ribbon-cutting ceremony, marking the successful startup of the new line.
With a capacity of 200,000 tons per year, the new 2,333-foot-long line will make U.S. Steel the largest domestic producer of NGO electrical steel, according to a company press release on Oct. 12.
“This investment will enable us to serve our customers as they address growing markets, like electric vehicles,” said David Burritt, U.S. Steel’s president and CEO, touting not only the product’s sustainability but the fact that it’s mined, melted, and made in the US.
The line’s new product, InduX, will use 90% scrap steel as its raw material, reducing CO2 emissions by more than 70% vs. “traditional integrated steelmaking, while producing sustainable, infinitely recyclable steels,” the release said.
“This investment will allow our customers to purchase more steel made here in the USA and help them to meet their own sustainability goals,” added Daniel Brown, U.S. Steel’s senior VP and CEO of Big River Steel Works.
“Congratulations to U.S. Steel for opening their newest steel line at Osceola’s Big River Steel facility. As this project shows, when business, government, and communities work together, anything is possible,” Arkansas Governor Sarah Huckabee Sanders said in a statement.
David Schollaert
Read more from David SchollaertLatest in Steel Mills
Nucor holds weekly HRC price steady after last week’s cut
Nucor chose to hold its consumer spot price (CSP) for hot-rolled (HR) coil steady this week after stunning the market last week with a significant price decline. The steelmaker said in a letter to customers on Monday morning that its $760-per-short-ton (st) CSP base price for HR coil is effective immediately. The price is unchanged from the CSP announced on May 6 but down $65/st from $825/st April 29.
Nucor’s Jellison set to retire, Spicer tapped for EVP role
Nucor said EVP Douglas J. Jellison plans to retire on June 8 after more than 33 years with the company. Randy J. Spicer will be promoted to EVP effective May 12.
Republican Senators demand Biden block USS sale to Nippon
Three vocal Republican senators are demanding that President Joe Biden block the sale of U.S. Steel to Japan’s Nippon Steel.
Stelco reports solid Q1, plans to up value-added output
Stelco reported a positive start to 2024 in its first-quarter earnings report on Thursday. And with steady demand and a stable market, the Canadian flat-rolled steelmaker is optimistic for the remainder of the year.
AISI: Raw steel production inches higher
US raw steel output ticked up last week, according to the latest American Iron and Steel Institute (AISI) data.