Steel Mills
May 2, 2020
U.S. Steel Reports Q1 Loss as it Pursues “Best of Both” Strategy
Written by Sandy Williams
U.S. Steel remains focused on its acquisition of Big River Steel even as the COVID-19 crisis forces the idling of U.S Steel operations and layoffs of employees.
The success of U.S. Steel depends on having the best of integrated and EAF steelmaking, said the company during its first-quarter earnings call. “Make no mistake, our ‘best of both’ strategy is our future and acquiring the remaining 50.1 percent stake in Big River Steel remains our number one strategic priority,” said CEO David Burritt.
