Steel Dynamics to acquire Severstal Columbus

July 21, 2014

Steel Dynamics Inc., Fort Wayne, Ind., has entered into a definitive agreement to acquire 100 percent of the Severstal Columbus LLC mini-mill, located in Columbus, Miss., from OAO Severstal.

The acquisition expands Steel Dynamics' annual steel shipping capacity to 11.0 million tons — an increase of about 40 percent — and increases its exposure to the OCTG and automotive segments.

Severstal Columbus is one of the only North American flat roll mills to have capabilities for 76-in.-wide hot-rolled sheet; 74-in.-wide cold-rolled sheet; and 72-in.-wide galvanized sheet.