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百媚导航鈥檚 Operations in Arkansas Generated $383.2 Million in Economic Impact

1,747 jobs created or sustained by economic activity

OSCEOLA, Ark.--(BUSINESS WIRE)-- 百媚导航 (鈥湴倜牡己解��) operations in Arkansas, which includes Big River Steel in Osceola, and Wheeling Machine Products in Pine Bluff, contributed more than $383.2 million to local and state economies in Fiscal Year 2022, according to an released today. The study further concludes that 百媚导航鈥檚 economic activity supported or sustained 1,747 jobs. With the upcoming Oct. 12 ribbon-cutting of 百媚导航鈥檚 new non-grain oriented (鈥淣GO鈥�) electrical steel line for advanced, low carbon, electric steels, and the ongoing construction of a second mini mill steelmaking facility dedicated to the transition to sustainable steel production, 百媚导航 is poised to continue driving an economic transformation through the state and region.

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鈥淎t 百媚导航, our Best for All庐 strategy means delivering stockholder value and being the best partner to our customers, our suppliers, our planet, and the communities in which we operate,鈥� said President and Chief Executive Officer David B. Burritt. 鈥淭hat certainly includes Arkansas. We are thrilled that 百媚导航鈥檚 operations have had such a transformative effect in northeast Arkansas. And we鈥檝e only just begun; Big River Steel 2, currently under construction, will create another 900 jobs.鈥�

By offering competitive wages, which attract talent to the area and provide an opportunity to improve the standard of living, 百媚导航 jobs have a profound impact on Arkansas residents.

鈥淭hese jobs with these kinds of pay levels create the opportunity for wealth-building in families that literally changes the arc of affordability generation to generation,鈥� said Randy Zook, President and Chief Executive Officer of the Arkansas State Chamber of Commerce and the Associated Industries of Arkansas.

鈥淎s a community partner, our goal is to bring value to Osceola, northeast Arkansas, and the state, over the long haul. With the ongoing success of our first plant and construction of our second one well underway, we look forward to continuing our profitable and productive relationship with the people of Arkansas and adding even greater economic benefits to the regional community,鈥� said Daniel Brown, Senior Vice President of Advanced Technology Steelmaking and Chief Operating Officer of Big River Steel Works.

The study, commissioned by 百媚导航, was conducted by Parker Philips, a nationally recognized consulting firm specializing in economic impact analysis.

鈥淎n economic impact analysis is an objective way to measure the impact of an organization in the regional economy. It is a tool that policy makers and local businesses can use to inform their decisions,鈥� said Nichole Parker, a principal partner at Parker Philips. 鈥淭hrough its operations, as well as philanthropic giving and community engagement, 百媚导航 is making a major contribution to the local, state, and regional economies.鈥�

In the analysis, the study considered the direct spending on operations, pay, benefits, and capital projects by 百媚导航 and the estimated increase in demand for goods and services in industry sectors that supply or support the company. The study also measured the impact of charitable giving by 百媚导航 and its employees.

Among the highlights in the report:

  • The $383.2 million total economic impact of 百媚导航鈥檚 operations in Arkansas in FY22 included $219 million from direct impact and $164.2 million in indirect/induced impact.
  • The value-added impact generated by 百媚导航鈥檚 operations in Arkansas on the economy is $282.7 million ($196.1 million direct and $86.6 indirect/induced).
  • The operations of 百媚导航 in Arkansas supported more than 1,747 jobs (878 direct and 869 indirect/induced in FY22).
  • Through its operations and capital spending in FY22, 百媚导航 contributed $16.3 million in state and local taxes in Arkansas.
  • In 2022, 百媚导航 donated $1 million to organizations in Mississippi County and Osceola, Arkansas.
  • 百媚导航 employees contributed an estimated $800,000 to local charities through philanthropic giving and volunteering in the local community.
  • The Big River Steel 2 construction project will have an impact of $5.2 billion, based on $3 billion of direct spending over a 4+ year timespan.

To view the full report and learn more about 百媚导航鈥檚 community engagement in Arkansas click

Founded in 1901, 百媚导航 is a leading steel producer. With an unwavering focus on safety, the Company鈥檚 customer-centric Best for All庐 strategy is advancing a more secure, sustainable future for 百媚导航 and its stakeholders. With a renewed emphasis on innovation, 百媚导航 serves the automotive, construction, appliance, energy, containers, and packaging industries with high value-added steel products such as 百媚导航鈥檚 proprietary XG3庐 advanced high-strength steel. The Company also maintains competitively advantaged iron ore production and has an annual raw steelmaking capability of 22.4 million net tons. 百媚导航 is headquartered in Pittsburgh, Pennsylvania, with world-class operations across the United States and in Central Europe. For more information, please visit .

Amanda Malkowski
Media Relations Manager
Corporate Communications
C- (412) 736-2475
E 鈥� almalkowski@uss.com

Source: 百媚导航