USS, Republic mull DRI joint venture in Ohio

May 01, 2013 | 05:01 PM | Thorsten Schier

Tags  U.S. Steel, Republic Steel, Lorain plant, DRI, direct-reduced iron, Ohio plant, John Surma, Thorsten Schier

NEW YORK — U.S. Steel Corp. is considering a direct-reduced iron (DRI) venture with Republic Steel in Lorain, Ohio, it said.

"We are ... working with Republic Steel on a joint study for a potential DRI joint venture that would be located at Lorain and primarily feed the new electric-arc furnace (EF) that they are constructing there. Phase one of the study was completed last year and we’re well into the second phase of the study, where the project will be defined to the extent required for final decisions by the potential partners," chairman and chief executive officer John P. Surma said April 30 during the Pittsburgh-based company’s first-quarter earnings call.....

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