U.S. Steel Corp. will locate its next steel mill in Osceola, Ark., near its existing Big River Steel plant. The new mill will feature two electric arc furnaces capable of producing three million tons per year.
The facility will also feature an endless casting and rolling line, plus advanced finishing capabilities. The endless casting and rolling technology will be the first of its kind in the United States, and will deliver significant energy, efficiency and capability enhancements to the company’s operations, U.S. Steel claims. Upon completion, this project will apply to become LEED certified.
The site selection is subject to a number of factors, including final agreements with key partners. Permitting for the project is under way and the company expects to break ground in the first quarter of 2022, with project completion and full operation anticipated in 2024.
“With this location selected and shovels ready, we are reshaping the future of steelmaking,” said U.S. Steel President and CEO David B. Burritt. “We had numerous competitive site options, but Osceola offers our customers incomparable advantages.”
When completed, the sophisticated new steelmaking facility in combination with Big River Steel will form a 6.3 million-ton mega mill capable of providing many of the most advanced and sustainable steels in North America, the company claims. The new non-grain oriented electrical steel and galvalume/galvanizing lines currently under construction at Big River Steel will further advance U.S. Steel’s ability to respond to customers’ pressing supply chain needs to satisfy their own domestic manufacturing expansion. The location also affords abundant, increasingly renewable and clean power from Entergy Arkansas, superior Class 1 rail service from BNSF with connections to other railroads, Mississippi River docks and interstate trucking access.
“The State of Arkansas, Mississippi County, the City of Osceola, Entergy, BNSF, and other parties have all worked to make this the clear choice for a path to the future without roadblocks. With its extraordinarily low-cost structure, energy efficient production equipment, and advanced capabilities, this $3 billion project will yield significant benefits to our customers, stockholders, communities, employees, and contribute to a more sustainable world,” Burritt said.