Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

United States Steel (US Steel) announced today that it has completed the acquisition of the remaining 51.1 equity of Big River Steel for a total of $774mn. 


Last month, US Steel was waiting on Antitrust approvals and other formalities to be completed in acquiring the Arkansas-based steelmaker. With this acquisition, the US Steel combines both integrated steelmaking and mini mill into a single company, it said in a statement. 


Big River Steel is considered one of North America’s largest flat rolled mills with a production capacity of 3.3mn mt of steel per year. US Steel expects its business to begin growing at a quick pace, thanks to improved cost-effectiveness. 

Leave a Reply

Your email address will not be published.