Mississippi Steel
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Mississippi Steel Corporation was a publicly traded company located in
Flowood Flowood is a city in Rankin County, Mississippi, United States. The population was 10,202 as of the 2020 census. A suburb of Jackson, Flowood is part of the Jackson Metropolitan Statistical Area, and is located northeast of the state capital. ...
,
Mississippi Mississippi ( ) is a U.S. state, state in the Southeastern United States, Southeastern and Deep South regions of the United States. It borders Tennessee to the north, Alabama to the east, the Gulf of Mexico to the south, Louisiana to the s ...
. It was the first
steel Steel is an alloy of iron and carbon that demonstrates improved mechanical properties compared to the pure form of iron. Due to steel's high Young's modulus, elastic modulus, Yield (engineering), yield strength, Fracture, fracture strength a ...
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 Birmingham Steel Corporation was a steel producer in the United States, which made steel merchant and rebar products. The company was formed in 1983 by AEA Investors, Inc. and managed by CEO James Todd. It bought steel mini-mills in Kankakee, Illi ...
, United States. The mill is still in business as part of Nucor. In 1956, both ''
The Clarion-Ledger ''The Clarion Ledger'' is an American daily newspaper in Jackson, Mississippi. It is the second-oldest company in the state of Mississippi, and is one of the few newspapers in the nation that continues to circulate statewide. It is an operating ...
'' and '' The State Times'' newspapers reported that the area just to the east of
Jackson Jackson may refer to: Places Australia * Jackson, Queensland, a town in the Maranoa Region * Jackson North, Queensland, a locality in the Maranoa Region * Jackson South, Queensland, a locality in the Maranoa Region * Jackson oil field in Durham, ...
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. In 1985, ''The Clarion Ledger'' reported the sale of substantially all of the assets of Mississippi Steel Division of
Magna Corporation Magna Corporation was a publicly held company in Flowood, Mississippi, U.S.A. that served as a holding company. Its primary divisions were Mississippi Steel and Magna American. Mississippi Steel was Mississippi's first steel manufacturer beg ...
, 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. December 10, 2002: steelnews.com reports Nucor completes purchase of Mississippi Steel plant along with three other mills from the bankrupt Birmingham Steel Corporation.steelnews.com 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

{{coord, 32.313299, -90.135778, display=title Economy of Mississippi Ironworks and steel mills in the United States