United States Steel Corporation

Built World

Building the Osceola DRI plant and a new hot strip mill in Pennsylvania

U.S. Steel broke ground Friday on a $1.9 billion direct reduced iron plant at its Big River Steel Works campus in Osceola, Arkansas. The plant will take iron ore pellets from Minnesota, strip out the oxygen, and feed the result hot into the electric arc furnaces next door.

Updated Nov 1

Money Moves

As of June 2026: Now a Nippon Steel subsidiary

Nippon Steel just borrowed money at its steepest cost in three decades. On June 10, 2026, the company sold ¥90 billion (about $560 million) of bonds, with the 10-year piece priced at a 3.202% coupon. That is its highest borrowing rate in roughly 30 years.

Updated Jun 10