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SeverCorr
Latest News
Severstal Reports 2008 Results, Further Adaptations to Struggling Market
12 March 2009 - Severstal reported a net loss of $1.208 billion on revenues of $4.019 billion for the fourth quarter, and net profit of $2.034 billion on revenues of $22.393 billion for the year ended December 31, 2008.
Severstal Reports 2008 Results, Further Adaptations to Struggling Market
12 March 2009 - Severstal reported a net loss of $1.208 billion on revenues of $4.019 billion for the fourth quarter, and net profit of $2.034 billion on revenues of $22.393 billion for the year ended December 31, 2008.
GE Corporate Lending Increases Project Financing for Severstal Columbus
16 October 2008 - GE Commercial Finance Corporate Lending increases senior secured financing for Severstal Columbus, formerly known as SeverCorr, by $100 million.
SeverCorr Reaches Settlement with Nucor
01 July 2008 - SeverCorr, LLC reaches a settlement in the case of Nucor versus John Bell and SeverCorr.
SeverStal Completes Management Transition at SeverCorr
25 April 2008 - Severstal completes its purchase of the outstanding ownership shares belonging to SeverCorr’s founding management team. John Correnti will leave SeverCorr as part of the purchase deal, as will Michael Wagner, Richard Painter, Edward Lehner, and Wynn Calland.
Severstal North America and SeverCorr Announce New CFO
05 March 2008 - Severstal North America and SeverCorr announce the appointment of Mark J. Yost as Chief Financial Officer.
SeverStal Shuffles SeverCorr Management Team, Pushes for Ownership
03 January 2008 - SeverStal announces that SeverCorr CEO John Correnti and other founding senior managers will transition executive management of SeverCorr to SeverStal.
SeverStal Confirms Discussions with SeverCorr Management Team
13 December 2007 - SeverStal confirms that it is in discussions with the senior management team at SeverCorr regarding the new company’s ownership structure.
Timken Bearings in Key Systems at New SeverCorr Mill
26 November 2007 - Timken’s bearing assemblies were used as components in the major production systems supplied by SMS Demag for the new SeverCorr steel plant.
SeverCorr Reaches Production in Record Time
26 October 2007 - SeverCorr officials and their supporters celebrate the facility’s accomplishments, including complete startup less than two years after groundbreaking.
SeverCorr Launches Meltshop and Hot Mill Operations
30 August 2007 - Production of hot rolled steel coils is underway at SeverCorr with the start-up of operations in the facility’s new meltshop, caster, and hot mill.
OSHA Proposes Penalties Against 16 Companies at SeverCorr Construction Site
10 August 2007 - OSHA is proposing $72,775 in penalties against 16 companies involved in the construction of the new SeverCorr steel plant following inspections conducted between February and May 2007.
SeverCorr Welcomes New Process Steel to the Neighborhood
20 July 2007 - New Process Steel is the latest business partner to join the SeverCorr site near Columbus, Miss.; its facility will provide downstream processing, including slitting and blanking, for light-gauge pickled, cold rolled and galvanized products
Steel Dust Recycling Facility Planned for Southern United States
28 June 2007 - Steel Dust Recycling, LLC announces plans to build a Waelz Kiln facility in northwestern Alabama capable of recycling 110,000 tons of EAF dust per year.
SeverCorr Cold Mill Now Operational
07 June 2007 - SeverCorr has successfully started up its new five-stand tandem cold mill — one of only four cold mills in the United States coupled to a pickle line, and the only one capable of producing coils up to 72-inch wide.
SeverCorr Accelerates Plan for Expansion
24 April 2007 - SeverCorr is accelerating expansion of its Lowndes County, Miss., plant with the installation of a second production line, more than doubling the mill’s capacity to 3.4 million tons per year.
SeverCorr Starts up First Production Line
01 February 2007 -
ADS Logistics to Provide Supply Chain Technology for SeverCorr
31 January 2007 -
CORE to Supply Material Handling System for SeverCorr Meltshop
01 September 2006 -
Kenwal Steel to Build Service Center Adjacent to SeverCorr
11 August 2006 -
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