Correnti to build $1.1B steel mill in Arkansas

Jan 29, 2013 | 05:30 PM | Catherine Ngai

Tags  John Correnti, Mike Beebe, oil and gas, automotive, pipe, electrical steel, coils, catherine ngai

NEW YORK — A new $1.1-billion steel project spearheaded by industry veteran John D. Correnti is planned in Arkansas to serve the automotive, oil and gas, and electrical energy industries.

The project in Osceola led by Correnti’s new venture, Big River Steel LLC, was announced Jan. 29 by Arkansas Gov. Mike Beebe in Little Rock. Correnti, the former vice chairman, president and chief executive officer of Charlotte, N.C.-based steelmaker Nucor Corp., filed for incorporation Jan. 25, records show.

While it was not immediately clear what products the mill will make, a spokeswoman for the Mississippi County Economic Development agency said the facility will make electrical steels—both grain-oriented and non-grain-oriented—for transformers, as well as coiled steel for pipe. ....

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