Yesterday, U. S. Steel formally broke ground on our new $3 billion steelmaking facility in Osceola, Arkansas. The facility will be the most technologically advanced steelmaking operation in North America and the largest private project in Arkansas’s history. Upon completion, this project will apply to become LEED® certified.
Once operational in 2024, the facility will be capable of producing some of the most advanced steels available and create 900 full-time jobs. It is expected to feature two electric arc furnaces (EAFs) with 3 million tons per year of advanced steelmaking capability, a state-of-the-art endless casting and rolling line, and advanced finishing capabilities. This first use of endless casting and rolling technology in the United States will bring significant energy, efficiency, and capability enhancements to our company’s operations.
During his remarks, U. S. Steel President & CEO Dave Burritt said, “Several years ago, we embarked on a transformative vision for U. S. Steel. Now, we celebrate, as we take another significant step forward in becoming the steel company of the future. This facility is engineered to bring together the most advanced technology, to create the steel mill of the future that delivers profitable, sustainable solutions for our customers.”
State, county, and local officials, along with key business partners Entergy and BNSF, were on hand for the event.