Steel production and recycling specialist Big River Steel will invest $1.2 billion in the expansion of its Arkansas Flex Mill facility, doubling its hot-rolled steel production capacity to 3.3 million tons per year. A key feature of this expansion will be the ability to produce higher grades of electrical steel, demand for which is expected to be driven by increasing hybrid and EV sales.
Construction will begin later this year and will last for 24 months. This is just one of Big River Steel’s planned expansions, and the company is exploring several possibilities, including grain-oriented steel production and a next-gen coating line.
“Announcing this investment less than 18 months after beginning operations is a testament to the hard work and great success of the men and women on our team,” says Big River Steel CEO Dave Stickler.
Source: Big River Steel via Green Car Congress