Big River set to move ahead as financing closes

Jul 01, 2014 | 11:51 AM | Michael Cowden

Tags  Big River Steel, John Correnti, Mississippi County, Arkansas mill, high-strength steel, Global Principal Partners, kfW IPEX-Bank, Michael Cowden

CHICAGO — Big River Steel LLC has completed the financing needed to move forward with its planned $1.3-billion steel mini-mill in Mississippi County, Ark., which at least one analyst called a "pretty good play."

"This (Big River Steel) might be the pinpoint of the spear and an opportunity to see if (reshoring) is going to work," Chris Kuehl, an economist and managing director of Lawrence, Kan.-based Armada Corporate Intelligence, told AMM, adding that the project likely benefitted from credit markets that have begun to loosen after banks reined in financing severely following the economic collapse at the end of the last decade.....

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