U.S. Steel considering investment in EF, DRI

Jul 30, 2014 | 05:29 PM | Michael Cowden

Tags  U.S. Steel, USS, Mario Longhi, David Burritt, electric-arc furnace, EF, direct-reduced iron, DRI Severstal

CHICAGO — U.S. Steel Corp. is examining investments in both electric-arc furnace (EF) and direct-reduced iron (DRI) capabilities as it continues to mull both organic growth and acquisitions, executives said.

EFs will allow the Pittsburgh-based steelmaker to be more nimble while DRI could become a new revenue stream, president and chief executive officer Mario Longhi said during an earnings conference call July 30.

"The EFs are going to become a reality. ... And the flexibility that we will derive from that will be very valuable for us," he said. "And especially with the EFs coming in, (DRI) will potentially become a new product for us."....

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