US Steel Plans $1.9 Billion Facility to Feed its Arkansas Works

United States Steel Corporation will spend $1.9 billion to build a feedstock plant at its works in Arkansas, the latest in a string of investment pledges since the company was acquired by Japan’s Nippon Steel Corp.

The facility at the Big River Steel Works in Osceola will supply an intermediate product known as direct reduced iron, or DRI, to the site’s existing electric arc furnaces, the company said in a statement. DRI is a purer alternative to scrap steel, and is made from mined iron ore.