SeverCorr
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SeverCorr Corporation, previously known as SteelCorr, was founded 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. Its first plant is being built outside Columbus, Mississippi, across from Golden Triangle Regional Airport. The Russian steel company Severstal is a major investor in the company. The mill produced its first steel coil in October, 2007, and is currently undergoing an expansion that will double the mill's size and output. The plant is a major tenant of the Mississippi Steel Technology Center (MSTC).
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