{"id":11494,"date":"2019-10-10T12:09:37","date_gmt":"2019-10-10T12:09:37","guid":{"rendered":"https:\/\/staging.asminternational.org\/hts-new\/united-states-steel-invests-700-million-in-joint-venture-with-big-river-steel\/"},"modified":"2023-02-23T22:46:41","modified_gmt":"2023-02-23T22:46:41","slug":"united-states-steel-invests-700-million-in-joint-venture-with-big-river-steel","status":"publish","type":"post","link":"https:\/\/www.asminternational.org\/hts\/united-states-steel-invests-700-million-in-joint-venture-with-big-river-steel\/","title":{"rendered":"United States Steel invests $700 million in joint venture with Big River Steel"},"content":{"rendered":"

United States Steel, Pittsburgh, <\/b>announces that it has formed a joint venture partnership agreement under which it has taken the first step toward acquiring Big River Steel through the purchase of a 49.9% ownership interest at a purchase price of approximately $700 million in cash, with a call option to acquire the remaining 50.1% within the next four years. <\/span><\/p>\n

 <\/p>\n

Big River operates a LEED-certified, Flex Mill in northeast Arkansas that is the newest and most advanced flat-rolled mill in North America. Big River\u2019s technological leadership allows it to produce a wide product spectrum, including advanced automotive steels and electrical steels, for the automotive, energy, construction, and agricultural industries. Big River\u2019s recently announced Phase II-A expansion is expected to double the mill\u2019s hot-rolled steel production capacity to 3.3 million tons annually, establishing it as one of the largest EAF-based flat-rolled mills in North America.<\/span><\/p>\n

 <\/p>\n

\u201cOur new partnership with Big River is designed to accelerate our strategy to offer our customers the \u2018best of both\u2019 by bringing together the capabilities of integrated and mini mill steel production,\u201d said David B. Burritt, President and Chief Executive Officer of U. S. Steel. \u201cBig River operates the most advanced, state-of-the-art and sustainable mill in North America, and our investment would ultimately strengthen our competitive positioning in highly strategic steel-end markets, creating an unmatched value proposition for our stakeholders.\u201d<\/span><\/p>\n

 <\/p>\n

This transaction provides numerous strategic and financial benefits to U. S. Steel, some of which will begin to be implemented immediately upon the closing of this transaction, while others would become fully realized upon full ownership of Big River. It strengthens U. S. Steel\u2019s competitive positioning, and establishes an unparalleled product platform in strategic, high-margin end-markets, including energy, infrastructure, and automotive.<\/span><\/p>\n

 <\/p>\n

www.ussteel.com<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

United States Steel, Pittsburgh, announces that it has formed a joint venture partnership agreement under which it has taken the first step toward acquiring Big River Steel through the purchase of a 49.9% ownership interest at a purchase price of approximately $700 million in cash, with a call option to acquire the remaining 50.1% within the next four years.<\/p>\n","protected":false},"author":63103,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[446,459,442,440,441,1],"tags":[],"class_list":["post-11494","post","type-post","status-publish","format-standard","hentry","category-automobiles-and-ground-transportation","category-buildings-and-infrastructure","category-mining-and-metals-processing","category-news","category-news-articles","category-uncategorized"],"yoast_head":"\nUnited States Steel invests $700 million in joint venture with Big River Steel - Heat Treating Society<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.asminternational.org\/hts\/results\/-\/journal_content\/56\/10192\/38529459\/NEWS\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"United States Steel invests $700 million in joint venture with Big River Steel - Heat Treating Society\" \/>\n<meta property=\"og:description\" content=\"United States Steel, Pittsburgh, announces that it has formed a joint venture partnership agreement under which it has taken the first step toward acquiring Big River Steel through the purchase of a 49.9% ownership interest at a purchase price of approximately $700 million in cash, with a call option to acquire the remaining 50.1% within the next four years.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.asminternational.org\/hts\/results\/-\/journal_content\/56\/10192\/38529459\/NEWS\/\" \/>\n<meta property=\"og:site_name\" content=\"Heat Treating Society\" \/>\n<meta property=\"article:published_time\" content=\"2019-10-10T12:09:37+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-02-23T22:46:41+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.asminternational.org\\\/hts\\\/results\\\/-\\\/journal_content\\\/56\\\/10192\\\/38529459\\\/NEWS\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.asminternational.org\\\/hts\\\/results\\\/-\\\/journal_content\\\/56\\\/10192\\\/38529459\\\/NEWS\\\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"United States Steel invests $700 million in joint venture with Big River Steel\",\"datePublished\":\"2019-10-10T12:09:37+00:00\",\"dateModified\":\"2023-02-23T22:46:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.asminternational.org\\\/hts\\\/results\\\/-\\\/journal_content\\\/56\\\/10192\\\/38529459\\\/NEWS\\\/\"},\"wordCount\":303,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.asminternational.org\\\/hts\\\/#organization\"},\"articleSection\":[\"Automobiles and Ground Transportation\",\"Buildings and Infrastructure\",\"Mining and Metals Processing\",\"news\",\"News Articles\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.asminternational.org\\\/hts\\\/results\\\/-\\\/journal_content\\\/56\\\/10192\\\/38529459\\\/NEWS\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.asminternational.org\\\/hts\\\/results\\\/-\\\/journal_content\\\/56\\\/10192\\\/38529459\\\/NEWS\\\/\",\"url\":\"https:\\\/\\\/www.asminternational.org\\\/hts\\\/results\\\/-\\\/journal_content\\\/56\\\/10192\\\/38529459\\\/NEWS\\\/\",\"name\":\"United States Steel invests $700 million in joint venture with Big River Steel - Heat Treating Society\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.asminternational.org\\\/hts\\\/#website\"},\"datePublished\":\"2019-10-10T12:09:37+00:00\",\"dateModified\":\"2023-02-23T22:46:41+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.asminternational.org\\\/hts\\\/results\\\/-\\\/journal_content\\\/56\\\/10192\\\/38529459\\\/NEWS\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.asminternational.org\\\/hts\\\/results\\\/-\\\/journal_content\\\/56\\\/10192\\\/38529459\\\/NEWS\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.asminternational.org\\\/hts\\\/results\\\/-\\\/journal_content\\\/56\\\/10192\\\/38529459\\\/NEWS\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.asminternational.org\\\/hts\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"United States Steel invests $700 million in joint venture with Big River Steel\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.asminternational.org\\\/hts\\\/#website\",\"url\":\"https:\\\/\\\/www.asminternational.org\\\/hts\\\/\",\"name\":\"Heat Treating Society\",\"description\":\"Heat Treating Society ASM International\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.asminternational.org\\\/hts\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.asminternational.org\\\/hts\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.asminternational.org\\\/hts\\\/#organization\",\"name\":\"Heat Treating Society\",\"url\":\"https:\\\/\\\/www.asminternational.org\\\/hts\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.asminternational.org\\\/hts\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/cdn-prd-main.asm-media.cloud\\\/uploads\\\/sites\\\/85\\\/2022\\\/06\\\/layout_set_logo.png\",\"contentUrl\":\"https:\\\/\\\/cdn-prd-main.asm-media.cloud\\\/uploads\\\/sites\\\/85\\\/2022\\\/06\\\/layout_set_logo.png\",\"width\":286,\"height\":95,\"caption\":\"Heat Treating Society\"},\"image\":{\"@id\":\"https:\\\/\\\/www.asminternational.org\\\/hts\\\/#\\\/schema\\\/logo\\\/image\\\/\"}},{\"@type\":\"Person\",\"@id\":\"\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"United States Steel invests $700 million in joint venture with Big River Steel - Heat Treating Society","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.asminternational.org\/hts\/results\/-\/journal_content\/56\/10192\/38529459\/NEWS\/","og_locale":"en_US","og_type":"article","og_title":"United States Steel invests $700 million in joint venture with Big River Steel - Heat Treating Society","og_description":"United States Steel, Pittsburgh, announces that it has formed a joint venture partnership agreement under which it has taken the first step toward acquiring Big River Steel through the purchase of a 49.9% ownership interest at a purchase price of approximately $700 million in cash, with a call option to acquire the remaining 50.1% within the next four years.","og_url":"https:\/\/www.asminternational.org\/hts\/results\/-\/journal_content\/56\/10192\/38529459\/NEWS\/","og_site_name":"Heat Treating Society","article_published_time":"2019-10-10T12:09:37+00:00","article_modified_time":"2023-02-23T22:46:41+00:00","twitter_card":"summary_large_image","twitter_misc":{"Written by":"","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.asminternational.org\/hts\/results\/-\/journal_content\/56\/10192\/38529459\/NEWS\/#article","isPartOf":{"@id":"https:\/\/www.asminternational.org\/hts\/results\/-\/journal_content\/56\/10192\/38529459\/NEWS\/"},"author":{"name":"","@id":""},"headline":"United States Steel invests $700 million in joint venture with Big River Steel","datePublished":"2019-10-10T12:09:37+00:00","dateModified":"2023-02-23T22:46:41+00:00","mainEntityOfPage":{"@id":"https:\/\/www.asminternational.org\/hts\/results\/-\/journal_content\/56\/10192\/38529459\/NEWS\/"},"wordCount":303,"commentCount":0,"publisher":{"@id":"https:\/\/www.asminternational.org\/hts\/#organization"},"articleSection":["Automobiles and Ground Transportation","Buildings and Infrastructure","Mining and Metals Processing","news","News Articles"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.asminternational.org\/hts\/results\/-\/journal_content\/56\/10192\/38529459\/NEWS\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.asminternational.org\/hts\/results\/-\/journal_content\/56\/10192\/38529459\/NEWS\/","url":"https:\/\/www.asminternational.org\/hts\/results\/-\/journal_content\/56\/10192\/38529459\/NEWS\/","name":"United States Steel invests $700 million in joint venture with Big River Steel - Heat Treating Society","isPartOf":{"@id":"https:\/\/www.asminternational.org\/hts\/#website"},"datePublished":"2019-10-10T12:09:37+00:00","dateModified":"2023-02-23T22:46:41+00:00","breadcrumb":{"@id":"https:\/\/www.asminternational.org\/hts\/results\/-\/journal_content\/56\/10192\/38529459\/NEWS\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.asminternational.org\/hts\/results\/-\/journal_content\/56\/10192\/38529459\/NEWS\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.asminternational.org\/hts\/results\/-\/journal_content\/56\/10192\/38529459\/NEWS\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.asminternational.org\/hts\/"},{"@type":"ListItem","position":2,"name":"United States Steel invests $700 million in joint venture with Big River Steel"}]},{"@type":"WebSite","@id":"https:\/\/www.asminternational.org\/hts\/#website","url":"https:\/\/www.asminternational.org\/hts\/","name":"Heat Treating Society","description":"Heat Treating Society ASM International","publisher":{"@id":"https:\/\/www.asminternational.org\/hts\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.asminternational.org\/hts\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.asminternational.org\/hts\/#organization","name":"Heat Treating Society","url":"https:\/\/www.asminternational.org\/hts\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.asminternational.org\/hts\/#\/schema\/logo\/image\/","url":"https:\/\/cdn-prd-main.asm-media.cloud\/uploads\/sites\/85\/2022\/06\/layout_set_logo.png","contentUrl":"https:\/\/cdn-prd-main.asm-media.cloud\/uploads\/sites\/85\/2022\/06\/layout_set_logo.png","width":286,"height":95,"caption":"Heat Treating Society"},"image":{"@id":"https:\/\/www.asminternational.org\/hts\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":""}]}},"acf":[],"_links":{"self":[{"href":"https:\/\/www.asminternational.org\/hts\/wp-json\/wp\/v2\/posts\/11494","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.asminternational.org\/hts\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.asminternational.org\/hts\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.asminternational.org\/hts\/wp-json\/wp\/v2\/users\/63103"}],"replies":[{"embeddable":true,"href":"https:\/\/www.asminternational.org\/hts\/wp-json\/wp\/v2\/comments?post=11494"}],"version-history":[{"count":0,"href":"https:\/\/www.asminternational.org\/hts\/wp-json\/wp\/v2\/posts\/11494\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.asminternational.org\/hts\/wp-json\/wp\/v2\/media?parent=11494"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.asminternational.org\/hts\/wp-json\/wp\/v2\/categories?post=11494"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.asminternational.org\/hts\/wp-json\/wp\/v2\/tags?post=11494"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}