The Arkansas Economic Development Commission has announced that Marubeni-Itochu Steel America Inc. (MISA), part of Japan-based Marubeni-Itochu, plans to construct a new flat rolled steel processing facility in Osceola, Arkansas, with a total investment exceeding $37 million. The plant will be located adjacent to Big River Steel and is expected to enhance the region’s capacity to supply high-quality steel products to customers across the south-central US.
The facility will be operated by MISA Specialty Processing, a subsidiary of MISA, and will become part of the company’s existing network of processing centers in North America.
The investment is expected to generate 35 new jobs, supporting the local economy and expanding employment opportunities in the region.
According to the company, the decision reflects confidence in the area’s skilled workforce and its strategic importance within the US steel industry.
Focus on automotive and industrial applications
The new processing center will serve multiple end-use sectors, including the automotive industry, providing processed flat rolled steel products tailored to customer requirements.
The project is also expected to strengthen supply chain capabilities in a region recognized as a major hub for steel production in the United States.
Part of broader expansion strategy
Marubeni-Itochu Steel America Inc. stated that the investment supports its strategy to expand its presence in North America and enhance its processing capabilities in key industrial regions.