Home » NEWS » Manufacturing » Severstal making large investment in steel mills

Severstal making large investment in steel mills

COLUMBUS — Severstal will invest $1.3 billion in its steel and mining operations worldwide with $43 million set aside for its rolled steel mill in Columbus.

The company says in a news release that while it will spend most of its investments in 2013 on its Russian operations, $107 million will be invested in the United States.

At Columbus, the company plans for health and safety improvements, environmental projects, infrastructure and production maintenance.

Severstal spokeswoman Katya Pruett says production at Columbus increased by 26 percent from 2011 to 2012. She says the company to increase production this year by 11 percent.

Severstal Columbus is capable of melting 3.4 million net tons of steel a year.

BEFORE YOU GO…

… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.

If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.

Click for more info

About Megan Wright

Leave a Reply

Your email address will not be published. Required fields are marked *

*