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U.S. Steel to Invest $1.9B in Arkansas DRI Plant - Pittsburgh ...
The project will create more than 200 jobs and supply high-purity iron for electric arc furnaces using ore pellets from Minnesota.
- On Wednesday, United States Steel Corporation announced a $1.9 billion investment to build the country's first direct reduced iron facility at Big River Steel Works in Osceola, Arkansas, creating more than 200 permanent jobs and 2,000 construction positions at peak.
- U.S. Steel CEO David Burritt credited the Nippon Steel partnership with accelerating the project "years sooner than would have otherwise been possible," part of a larger $11 billion domestic investment following the "historic partnership" with the Japanese manufacturing giant.
- The direct reduced iron process produces high-purity iron by removing oxygen from ore pellets using natural gas or hydrogen; U.S. Steel will source pellets from its Minnesota Ore Operations to feed Big River's electric arc furnaces, eliminating shipment needs.
- Gov. Sarah Huckabee Sanders said, "Economic growth like this is how we will be able to cut taxes next week," while Rep. Rick Crawford, representing District 1, praised the investment for strengthening Northeast Arkansas.
- Marubeni-Itochu Steel America Inc. announced last week a $37 million processing plant in Osceola, as Mississippi County economic development leader Clif Chitwood said the region is "rapidly becoming Pittsburgh" with $12 billion in private investment and 10,000 jobs added since the early 2000s.
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US Steel Plans $1.9 Billion Facility to Feed its Arkansas Works
United States Steel Corporation will spend $1.9 billion to build a feedstock plant at its works in Arkansas, the latest in a string of investment pledges since the company was acquired by Japan’s Nippon Steel Corp.
·United States
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Total News Sources16
Leaning Left1Leaning Right2Center9Last UpdatedBias Distribution75% Center
Bias Distribution
- 75% of the sources are Center
75% Center
C 75%
R 17%
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