Final Thoughts
November 7, 2018
Final Thoughts
Written by John Packard
It should come as no surprise that Big River Steel has decided not to sell the company. From my perspective it should be no surprise because I don’t think any other mill is willing to pay a premium over what it cost to build the mill, and I don’t think the owners of BRS wanted to sell their shares for no profit. The mill is doubling capacity of the existing Arkansas facility and is considering building a second greenfield mill.
JSW should be running hot bands from their own melt in the next few weeks…
