U.S. Steel to Invest in Upgrading Minnesota Mine

The company will break ground on construction of a new system dedicated to producing DR-grade pellets in fall 2022 at one of its two Minnesota Ore Operations facilities, Keetac or Minntac.

SEATTLE (Scrap Monster): Pittsburgh-based United States Steel Corporation (U.S. Steel) announced plans to invest approximately $150 million in upgrading one of its two Minnesota mines so as to produce direct reduced (DR)-grade pellets. This is part of updating its metallic strategy in a bid to expand its low-cost iron ore competitive advantage.

The company will break ground on construction of a new system dedicated to producing DR-grade pellets in fall 2022 at one of its two Minnesota Ore Operations facilities, Keetac or Minntac. This will enable one of the company’s existing pelletizing plants to maintain the optionality to continue producing blast furnace-grade pellets. The investment of nearly $150 million is not expected to change the 2022 capital spending budget, said the company press release.

The DR-grade pellets produced from the mine would be a new product line for U. S. Steel. Upon completion of the project, the company would have the option to sell the new pellets to third-party DRI or HBI producers or use them to feed a potential future DRI or HBI facility of its own.

The proposed investment and estimated project completion timeline are subject to state and local support and receipt of regulatory permitting.

YOU MAY ALSO BE INTERESTED IN:

U.S. Steel Anticipates New All-Time Best Q2 Performance

U.S. Steel Decalred Appointment of New Senior VP and CFO

• Dubai Kicks Off 2025 with a Plastic Ban
• How Much Trash Do Oregonians Throw Away? What a New Report Says
• Rural County Representatives of California Presents President’s Award to Tedd Ward of the Del Norte Solid Waste Management Authority
• Better Daily Cover Material for Suppression of Leachate Formation