Mississippi Steel
Encyclopedia
Mississippi Steel Corporation was the first steel
mill built in the state. It was in business from 1957 until 1985 when it was bought by Birmingham Steel Corporation
. Mississippi Steel was a publicly traded company located in Flowood, Mississippi
.
Both The Clarion-Ledger
and The State Times newspapers reported that the area just to the east of Jackson
had been carefully leveed to sustain industrial development. Per the State Times article, Wesley A. "Cotton" Caldwell is named the first Chairman of the Board, and production of merchant products and rebar should commence within one year.
In 1985, The Clarion Ledger reported the sale of substantially all of the assets of Mississippi Steel Division of Magna Corporation
, a Mississippi corporation, to Birmingham Steel Corporation.http://www.answers.com/topic/birmingham-steel-corporation Birmingham Steel operated two similar "Mini-Mills" in Alabama and Illinois. The majority shareholders of Magna Corporation, the Caldwell family, intend to use the proceeds of the sale to purchase all outstanding shares of Magna Corporation thus taking the company private.
December 10, 2002: steelnews.com reports Nucor completes purchase of Mississippi Steel plant along with three other mills from the bankrupt Birmingham Steel Corporation.
Per www.severcorr.com, SeverCorr
has opened a new steel mill located in the Golden Triangle area
of Northeast Mississippi, thus making it the second steel manufacturer in the state. This plant plans to primarily serve the region's growing automotive industry.
Steel
Steel is an alloy that consists mostly of iron and has a carbon content between 0.2% and 2.1% by weight, depending on the grade. Carbon is the most common alloying material for iron, but various other alloying elements are used, such as manganese, chromium, vanadium, and tungsten...
mill built in the state. It was in business from 1957 until 1985 when it was bought by Birmingham Steel Corporation
Birmingham Steel Corporation
Birmingham Steel Corporation was a steel producer in the United States, which made steel mechant and rebar products. The company was formed in 1983 by AEA Investors, Inc. and managed by CEO James Todd. It bought steel mini-mills in Kankakee, Illinois and the mills previously run by Todd at...
. Mississippi Steel was a publicly traded company located in Flowood, Mississippi
Mississippi
Mississippi is a U.S. state located in the Southern United States. Jackson is the state capital and largest city. The name of the state derives from the Mississippi River, which flows along its western boundary, whose name comes from the Ojibwe word misi-ziibi...
.
Both The Clarion-Ledger
The Clarion-Ledger
The Clarion-Ledger is the Pulitzer Prize winning daily newspaper of Jackson, Mississippi. It is the second oldest company in the state of Mississippi and is one of only a few newspapers in the nation that continues to circulate statewide...
and The State Times newspapers reported that the area just to the east of Jackson
Jackson, Mississippi
Jackson is the capital and the most populous city of the US state of Mississippi. It is one of two county seats of Hinds County ,. The population of the city declined from 184,256 at the 2000 census to 173,514 at the 2010 census...
had been carefully leveed to sustain industrial development. Per the State Times article, Wesley A. "Cotton" Caldwell is named the first Chairman of the Board, and production of merchant products and rebar should commence within one year.
In 1985, The Clarion Ledger reported the sale of substantially all of the assets of Mississippi Steel Division of Magna Corporation
Magna Corporation
Magna Corporation was a publicly-held company in Flowood, Mississippi, U.S.A. that served as a holding company. Its primary divisions were Mississippi Steel and Magna American Mississippi Steel was Mississippi's first steel manufacturer beginning operations in 1957...
, a Mississippi corporation, to Birmingham Steel Corporation.http://www.answers.com/topic/birmingham-steel-corporation Birmingham Steel operated two similar "Mini-Mills" in Alabama and Illinois. The majority shareholders of Magna Corporation, the Caldwell family, intend to use the proceeds of the sale to purchase all outstanding shares of Magna Corporation thus taking the company private.
December 10, 2002: steelnews.com reports Nucor completes purchase of Mississippi Steel plant along with three other mills from the bankrupt Birmingham Steel Corporation.
Per www.severcorr.com, SeverCorr
SeverCorr
Severstal Columbus, LLC, formerly known as SeverCorr Corporation , was founded in April 2005 by a group of steel executives including former Nucor Corporation CEO John Correnti. It specializes in "mini-mill" plants, designed to recycle steel into new products suitable for the automobile industry...
has opened a new steel mill located in the Golden Triangle area
Golden Triangle (Mississippi)
The Golden Triangle is a region of the U.S. state of Mississippi.The "triangle" is formed by the cities of Columbus, Starkville, and West Point...
of Northeast Mississippi, thus making it the second steel manufacturer in the state. This plant plans to primarily serve the region's growing automotive industry.