23 May 2024

KEEWATIN, Minn.–(BUSINESS WIRE)– U. S. Steel (NYSE: X) (“U. S. Steel”) today celebrated the launch and operational readiness of its direct reduced (DR)-grade pellet production facility at its Minnesota Ore Operations-Keetac Plant. Having already confirmed the first shipment of DR-grade pellets, the Keetac facility is on track to deliver approximately four million tons of pellets annually.

The $150 million investment marks a step forward in U. S. Steel’s metallics strategy by supplying the increasingly tight DR-grade pellet market with low-cost iron ore and building on the company’s ability to meet customer needs.

Minnesota Governor Tim Walz; David B. Burritt, President and CEO of U. S. Steel; Kristen Vake, Executive Director, Iron Mining Association of Minnesota; and Travis Kolari, Head of Operations, U. S. Steel Minnesota Ore Operations cut the ribbon on U. S. Steel’s new DR-Grade pellet plant. (Photo: Business Wire)

The new production facility will maintain optionality, able to produce either DR-grade iron ore pellets or blast furnace iron ore pellets, allowing the Company to adjust to changing market conditions.

Link to press release
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