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US Steel completes financing to support its Arkansas plant construction

24 May 2023 13:20 reported by Lily Nguyen

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United States Steel Corporation announced that it had completed US$240 million unsecured Arkansas Development Finance Authority environmental improvement revenue bonds, which carry a green bond designation.

The US Steel said parts of the financing would be used to enhance new technology at its flat-rolled steelmaking plant, Big River 2, which is under construction near Osceola, Arkansas.

BR2 is expected to complete in 2024 and will become the most advanced steelmaking facility in North America. In addition, the operation of BR2 would be fewer up to 70%-80% gas emissions compared to the traditional integrated steelmaking approach.

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