United States Steel Celebrates Opening of DR-Grade Pellet Production Facility in Minnesota
The $150 million investment expands on the Company鈥檚 existing competitive advantage in low-cost iron ore
KEEWATIN, Minn.--(BUSINESS WIRE)-- 百媚导航 (NYSE: X) (鈥湴倜牡己解��) today celebrated the launch and operational readiness of its direct reduced (DR)-grade pellet production facility at its Minnesota Ore Operations-Keetac Plant. Having already confirmed the first shipment of DR-grade pellets, the Keetac facility is on track to deliver approximately four million tons of pellets annually. The $150 million investment marks a step forward in 百媚导航鈥檚 metallics strategy by supplying the increasingly tight DR-grade pellet market with low-cost iron ore and building on the company鈥檚 ability to meet customer needs.
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Minnesota Governor Tim Walz; David B. Burritt, President and CEO of 百媚导航; Kristen Vake, Executive Director, Iron Mining Association of Minnesota; and Travis Kolari, Head of Operations, 百媚导航 Minnesota Ore Operations cut the ribbon on 百媚导航's new DR-Grade pellet plant. (Photo: Business Wire)
The new production facility will maintain optionality, able to produce either DR-grade iron ore pellets or blast furnace iron ore pellets, allowing the Company to adjust to changing market conditions. Minnesota Governor Tim Walz and other elected officials joined the celebration, along with 百媚导航 President and CEO David B. Burritt, Senior Vice President - Raw Materials and Sustainable Resources John Gordon, employees, and members of the community.
鈥淭his project was completed ahead of time, under budget, and most importantly, safely. Plus, it created 250 construction jobs and 33 full-time union and management jobs,鈥� said Burritt. 鈥淭his is an incredible achievement for our team at Keetac and for 百媚导航, as we continue to produce the highest quality products: mined, melted, and made right here in the USA.鈥�
鈥湴倜牡己解�檚 new pellet facility is a smart investment in the people and potential of the Iron Range,鈥� said Governor Walz. 鈥淭his project is a win-win. We鈥檙e creating jobs, lowering emissions, and ensuring Minnesota鈥檚 iron ore industry remains strong for generations.鈥�
Construction on the DR-grade pellet facility began in August of 2022 and was completed in December of 2023. 百媚导航鈥檚 Minnesota Ore Operations directly employs nearly 2,000 workers.
About 百媚导航
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 .
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