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In 2014, the company acquired Severstal Columbus for $1.625 billion. The acquisition increased the company's production capacity to 11 million tons. [6] In 2016, the company acquired Vulcan Threaded Products for $126 million. [7] In 2016, the company began construction of a $100 million facility in Columbus, Mississippi. [8]
Employment as of 2014 was 149,000 people employed in iron and steel mills, and 69,000 in foundries. The value of iron and steel produced in 2014 was $113 billion. [ 2 ] About 0.3% of the US population is employed by the steel industry.
In 2014, Severstal divested its steelmaking operations in the United States, selling the former Rouge Steel plant in Dearborn, Michigan to AK Steel Holding for $700 million, and its mini-mill in Columbus, Mississippi, built in 2007, to Steel Dynamics for $1.63 billion. [27] In January 2017, the company sold Redaelli Tecna. [28]
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Columbus High School was formed by the merger of the city's two previous high schools, Stephen D. Lee High School and Caldwell High School; the schools were merged in 1992 and the campuses in 1997. Columbus is also home to the oldest public elementary school in Mississippi, Franklin Academy Elementary, founded in 1821. [citation needed]
The acquisition would also include a coke-making facility and interests in three joint ventures that process flat-rolled steel products. [1] Severstal also announced at that time that it would sell a separate steel-making facility in Columbus, Mississippi to Steel Dynamics for $1.63 billion. [2] Cleveland-Cliffs acquired AK Steel Dearborn Works ...