Mississippi Steel
![]() | This article has multiple issues. Please help improve it or discuss these issues on the talk page. (Learn how and when to remove these template messages)
|
Mississippi Steel Corporation was a publicly traded company located in Flowood, Mississippi. It was the first steel mill built in the state, and its primary product has always been reinforcing bar steel. Its first incarnation ran from 1957 until 1985 when it was bought by Birmingham Steel Corporation, United States. The mill is still in business as part of Nucor.
In 1956, 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.[1]
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. 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.[2]
December 10, 2002: steelnews.com reports Nucor completes purchase of Mississippi Steel plant along with three other mills from the bankrupt Birmingham Steel Corporation.[3]
Mississippi has a second steel mill now after 2000. 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.
References
- Pages using gadget WikiMiniAtlas
- Articles with topics of unclear notability from July 2024
- All articles with topics of unclear notability
- Company articles with topics of unclear notability
- Articles lacking reliable references from July 2024
- All articles lacking reliable references
- Wikipedia references cleanup from July 2024
- All articles needing references cleanup
- Articles covered by WikiProject Wikify from July 2024
- All articles covered by WikiProject Wikify
- Articles with multiple maintenance issues
- Coordinates on Wikidata
- Economy of Mississippi
- Ironworks and steel mills in the United States