United States Steel leadership and employees were joined by Minnesota Governor Tim Walz, other elected officials, and key partners to celebrate the Company’s investment in direct reduced grade pellet capabilities at its Minnesota Ore Operations Keetac plant today. The investment marks a step forward in US Steel’s metallics strategy by supplying the increasingly tight DR-grade pellet market and provides the company with the flexibility to feed a potential future direct reduced iron or hot briquetted iron facility. DRI and HBI are important electric arc furnace metallics inputs.The Company broke ground on the facility in the third quarter of 2022, and the facility is expected to be operational in late 2023 with first pellets produced in 2024.In addition to producing DR-grade pellets to ultimately feed EAFs, the production facility will maintain flexibility to continue producing blast furnace grade pellets. Upon completion, the Company could also sell the new pellets to third-party DRI or HBI producers. The DR-grade pellets produced will be a new product line for US Steel.
United States Steel leadership and employees were joined by Minnesota Governor Tim Walz, other elected officials, and key partners to celebrate the Company’s investment in direct reduced grade pellet capabilities at its Minnesota Ore Operations Keetac plant today. The investment marks a step forward in US Steel’s metallics strategy by supplying the increasingly tight DR-grade pellet market and provides the company with the flexibility to feed a potential future direct reduced iron or hot briquetted iron facility. DRI and HBI are important electric arc furnace metallics inputs.The Company broke ground on the facility in the third quarter of 2022, and the facility is expected to be operational in late 2023 with first pellets produced in 2024.In addition to producing DR-grade pellets to ultimately feed EAFs, the production facility will maintain flexibility to continue producing blast furnace grade pellets. Upon completion, the Company could also sell the new pellets to third-party DRI or HBI producers. The DR-grade pellets produced will be a new product line for US Steel.
