The Port of Brownsville signed an agreement with Big River Steel that could lead to the development of a billion-dollar steel mill.Photo – Port of Brownsville
The Port of Brownsville has signed an optional lease agreement with Big River Steel LLC that could lead to the development of a $1.6 billion steel mill.
Yesterday, the Brownsville Navigation District Board of Commissioners (BND) — the governing body for the Port of Brownsville — signed an option agreement covering up to 800 acres of property with Big River Steel. The pact enables the steelmaker to pursue the development of a LEED-certified steel manufacturing plant, storage and distribution facility, BND announced in a press release.