US steelmaker Big River likely to double capacity, executive says

US steelmaker Big River Steel will soon decide whether to double its production capacity as it seeks to become a go-to supplier for the electric-vehicle market, a company executive has said.

“This will be the year when we decide whether to expand or not. I’ll be surprised if we don’t,” chief commercial officer Mark Bula said. The decision will probably be made during the first half of the year, he added. Bula made his comments at the 14th annual S&P Global Platts Steel Markets North America Conference on Tuesday March 20 in Chicago. Big River’s mill in Osceola, in the state of Arkansas, made 1.6 million tons of steel in 2017, its first full year of operation. It is likely to make a similar amount this year. Doubling its capacity would bring that volume to...

Published

March 20, 2018

19:27 GMT

Chicago