Steel Mills
October 6, 2019
CRU: Big River is a Big Deal for U.S. Steel
Written by Tim Triplett
By CRU Principal Analyst Josh Spoores and Analyst Ryan Smith
U.S. Steel has announced a 49.9 percent stock acquisition with an option to acquire the remaining 51.1 percent within the next four years, in smaller rival U.S. flat products new entrant Big River Steel. In its announcement, U.S. Steel labelled this acquisition, alongside its investment in Mon Valley and Gary Works, as the third of its market-leading, differentiated and technologically advanced North American assets. They also noted they are looking for ways to extract incremental value from their iron ore pellet assets.
