United States Steel Celebrates Opening of DR-Grade Pellet Production Facility in Minnesota
24 May 2024 - 5:45AM
Business Wire
The $150 million investment expands on the
Company’s existing competitive advantage in low-cost iron ore
U. S. Steel (NYSE: X) (“U. S. Steel”) 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 U. S. Steel’s metallics strategy by
supplying the increasingly tight DR-grade pellet market with
low-cost iron ore and building on the company’s ability to meet
customer needs.
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the full release here:
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Minnesota Governor Tim Walz; David B.
Burritt, President and CEO of U. S. Steel; Kristen Vake, Executive
Director, Iron Mining Association of Minnesota; and Travis Kolari,
Head of Operations,
U. S. Steel Minnesota Ore Operations cut the
ribbon on U. S. Steel'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 U. S. Steel President and CEO
David B. Burritt, Senior Vice President - Raw Materials and
Sustainable Resources John Gordon, employees, and members of the
community.
“This 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,” said Burritt. “This is
an incredible achievement for our team at Keetac and for U. S.
Steel, as we continue to produce the highest quality products:
mined, melted, and made right here in the USA.”
“U. S. Steel’s new pellet facility is a smart investment in the
people and potential of the Iron Range,” said Governor Walz. “This
project is a win-win. We’re creating jobs, lowering emissions, and
ensuring Minnesota’s iron ore industry remains strong for
generations.”
Construction on the DR-grade pellet facility began in August of
2022 and was completed in December of 2023. U. S. Steel’s Minnesota
Ore Operations directly employs nearly 2,000 workers.
About U. S. Steel
Founded in 1901, United States Steel Corporation is a leading
steel producer. With an unwavering focus on safety, the Company’s
customer-centric Best for All® strategy is advancing a more secure,
sustainable future for U. S. Steel and its stakeholders. With a
renewed emphasis on innovation, U. S. Steel serves the automotive,
construction, appliance, energy, containers, and packaging
industries with high value-added steel products such as U. S.
Steel’s proprietary XG3® 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. U.
S. Steel is headquartered in Pittsburgh, Pennsylvania, with
world-class operations across the United States and in Central
Europe. For more information, please visit www.ussteel.com.
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