Big River Steel has signed an option with the Board of Commissioners of the Port of Brownsville to bring a $1.6 billion steel mill and distribution facility to south Texas.

Big River Steel sees opportunity in the convergence of two major trends in automotive: development of autonomous/electric vehicles and advanced steels. "Niche steel is a big part of what we want to do. The opportunity in electrical steel is immense."

Big River Steel is moving into new grades and gaining new customers – including an auto supply contract – as it continues to ramp up its new steel mill in Osceola, Arkansas, a company executive said.

Big River combines the most advanced steelmaking technologies and is designed to offer steel users access to promising niche steel products.

Big River Steel is the world’s first smart steel production facility. The facility is designed to be both environmentally resourceful and technologically advanced.

Big River’s Flex Mill™, the first of its kind in the world, offers cleaner, more formable steels, the ability to adjust casting widths from thin to medium slabs and enhanced customer responsiveness by investing in leading-edge technologies.

A spotlight on the first LEED-certified steel production mill in the world.

Situated on 1,300 acres in Osceola, Ark., USA, Big River Steel was thought by the late John Correnti to be “Steel Mill Heaven.”

Big River Steel announced today that it closed on $1.225 billion of financing.