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VOL. 133 | NO. 131 | Monday, July 2, 2018

Big River Steel Spending $1.2B to Expand Arkansas Facility

The Associated Press

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OSCEOLA, Ark. (AP) — A northeast Arkansas steel mill and scrap recycling facility is spending $1.2 billion in an expansion that will add 500 new jobs.

Big River Steel announced Friday that major construction of the expansion of its Osceola facility will begin later this year and continue for about two years. Operations at the $1.3 billion mill began in early 2017.

The company says the work will expand Big River Steel's hot-rolled steel production capacity to 3.3 million tons annually. An Arkansas Economic Development Commission spokeswoman said the average salary of the new jobs will be $75,000. The facility currently employs 541 people.

AEDC says Big River Steel will receive a recycling equipment tax credit for the expansion.

Copyright 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 103 137 4,008
MORTGAGES 84 131 4,521
FORECLOSURE NOTICES 7 19 700
BUILDING PERMITS 178 368 9,636
BANKRUPTCIES 50 110 2,995
BUSINESS LICENSES 40 73 1,964
UTILITY CONNECTIONS 31 66 1,190
MARRIAGE LICENSES 17 40 754