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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 This material may not be published, broadcast, rewritten or redistributed.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 92 480 7,835
MORTGAGES 115 551 8,785
FORECLOSURE NOTICES 6 33 1,128
BUILDING PERMITS 325 1,167 17,068
BANKRUPTCIES 39 311 5,159
BUSINESS LICENSES 27 161 3,382
UTILITY CONNECTIONS 24 114 2,268
MARRIAGE LICENSES 27 126 1,592