Severstal making large investment in steel mills
Published: February 22,2013
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.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- WILLOUGHBY: Bernie Reed cites hard work as key to success of Reed’s Metals
- Analyst: KiOR Columbus plant may end up sold as scrap
- Gulf oil rig explosion kills one worker, injures three
- (UPDATE) Gov. Bryant: $1.2 billion aluminum plant is a very exciting proposition for the state of Mississippi
- Federal appeals court: State's abortion law is unconstitutional
- Ex-MDEQ leader Fisher joins Butler Snow
- Six out of eight universities could have higher tuitions in 2015
- Former MDEQ Executive Director Trudy Fisher joins Butler Snow
- Humana and Bill, Hillary and Chelsea Clinton Foundation partnering
- Can Metrocenter rise from the ashes? Again