Integrated steelmaker US Steel will build a 200,000 short ton (st)/yr non-grain oriented (NGO) electrical steel line at its electric arc furnace (EAF) minimill steelmaking operations in Arkansas. The $450mn investment at Osceola-based Big River Steel, which US Steel acquired at the beginning of the year, will target the electric vehicle (EV) industry. The facility will be built next to Big River Steel's finishing line and is expected to be online by the third quarter of 2023, according to an investor presentation. US Steel highlighted EV investments and commitments by major automakers like Ford, GM and Toyota that ... (full story)