U.S. Steel's $3 Billion Mini-Mill Sparks Stock Upgrade: What Investors Need To Know
U.S. Steel's $3 Billion Mini-Mill Sparks Stock Upgrade: What Investors Need To Know
United States Steel Corporation (NYSE:X) shares are up on the optimism for its $3 billion Mini-Mill steel mill in Osceola, Arkansas.
美国钢铁公司（纽交所：X）的股票因其位于阿肯色州奥斯辛拉的30亿美元迷你工厂的乐观情绪而上涨。
BMO Capital Markets upgraded U.S. Steel's stock from Market Perform to Outperform on Wednesday as it expects the $3 billion plant to forge greater profits for the Pittsburgh-based steel maker.
本周三，BMO资本市场将美国钢铁股票评级从市场表现升级至跑赢市场，因为它预计这家总部位于匹兹堡的钢铁制造商的30亿美元工厂将带来更大的利润。
"In general, our view remains increased Mini-Mill production should translate to improved through-cycle profitability" and greater sheet forging, analyst Katja Jancic wrote in a note.
分析师Katja Jancic在一份报告中写道：“总的来说，我们认为增加的迷你炼钢生产应该能够转化为更好的周期性利润和更多的平板锻造。”
"While we recognize there are risks/potential delays/start-up costs associated with starting up new capacity, it is our view X should start benefiting from these investments in 2025, with the full run-rate EBITDA potential likely achieved in 2026."
她继续说道：“虽然我们认识到启动新产能可能存在风险/潜在延误/启动成本，但我们认为美国钢铁公司将从这些投资中受益，并在2025年开始实现这些好处，预计在2026年实现全额EBITDA潜力。”
Also Read: What's Happening With US Steel Shares On Monday?
还要阅读：美国钢铁公司股票周一有什么变化？
U. S. Steel broke ground on the facility in 2022 and plans to complete construction this year. The plant, which was acquired as part of Big River Steel's 2020 acquisition, will feature two electric arc furnaces (EAFs) capable of producing 3 million tons of steel per year, according to the company.
美国钢铁公司于2022年开始在该工厂开工建设，并计划在今年完工。据该公司介绍，该工厂作为Big River Steel 2020年收购的一部分，将拥有两座电弧炉（EAFs），年产钢铁300万吨。
So far, U.S. Steel finished building Mini-Mill's electrical steel line in last year's fourth quarter and expects to complete constructing the dual coating line in this year's second quarter. The company expects a total run-rate of $200 million in EBITDA from these installations by 2026, Jancic noted.
迄今为止，美国钢铁公司于去年第四季度完成了迷你钢厂的电工钢生产线的建设，并计划在今年第二季度完成双重涂层线的建设。该公司预计到2026年从这些设施中获得总计2亿美元的EBITDA。
U.S. Steel also expects to finish construction on a larger BRS2 steel mill nearby that will double its steelmaking capacity to 6.3 million tons and have a run-rate of $1 billion in EBITDA.
美国钢铁公司还计划在附近完成一座更大的BRS2钢厂的建设，该钢厂的钢铁生产能力将翻一番，达到630万吨，并将拥有10亿美元的EBITDA利润。
Japan's Nippon Steel finalized a deal in December 2023 to buy U.S. Steel for $14.9bn.
日本的日本制铁公司于2023年12月完成了以149亿美元的价格购买美国钢铁的交易。
X Price action: U.S. Steel shares were up 3.42% at $36.42 Wednesday at publication.
截至周三发布，美国钢铁公司的股票上涨3.42％，至36.42美元。
Photo: Courtesy U.S. Steel
图片：美国钢铁公司提供