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SEVERCORR HEADLINES

Steel Producers / SeverCorr

Latest News:

GE Corporate Lending Increases Project Financing for Severstal Columbus
Oct. 16, 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
Jul. 1, 2008 - SeverCorr, LLC reaches a settlement in the case of Nucor versus John Bell and SeverCorr.

SeverStal Completes Management Transition at SeverCorr
Apr. 25, 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
Mar. 5, 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
Jan. 3, 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
Dec. 13, 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
Nov. 26, 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
Oct. 26, 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
Aug. 30, 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
Aug. 10, 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
Jul. 20, 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
Jun. 28, 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
Jun. 7, 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
Apr. 24, 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
Feb. 1, 2007 - SeverCorr announced that its pickling line is now operational, marking the first commercial production at the new 1.5 million ton/year state-of-the-art facility in Columbus, MS. To date, S

ADS Logistics to Provide Supply Chain Technology for SeverCorr
Jan. 31, 2007 - Jan. 31, 2007 — ADS Logistics, LLC has entered into agreement with SeverCorr to pro

CORE to Supply Material Handling System for SeverCorr Meltshop
Sep. 1, 2006 - Sep. 1, 2006 — Core Furnace Systems was recently contracted to design and supply a complete mat

Kenwal Steel to Build Service Center Adjacent to SeverCorr
Aug. 11, 2006 - Aug. 11, 2006 — Kenwal Steel Corp. has announced that it will build a state-of-the-art processi

AssetPoint to Provide CMMS/EAM Software for SeverCorr
Jul. 19, 2006 - July 19, 2006 — SeverCorr has selected TabWare EF(x) from AssetPoint as their CMMS/EAM software

Linde to Build Air Separation Plant for SeverCorr
Jun. 21, 2006 - June 21, 2006 — Linde Gas LLC will build, own and operate an on-site air separation plant at th

Konecranes to Supply 19 Cranes for New SeverCorr Minimill
Jan. 9, 2006 - Jan. 9, 2006 — KCI Konecranes will supply nineteen SM Spacemaker cranes to SeverCorr LLC for its new steel minimill in Lowndes County, Miss.

SMS Demag to Supply Meltshop, CSP, and Finishing Equipment for SeverCorr
Nov. 28, 2005 - SeverCorr LLC has placed an order with SMS Demag, Germany, for the supply of all production facilities for its integrated works, ranging from steelmaking to the hot strip mill, cold rolling mill and strip surface finishing.

ABB to Power New SeverCorr Facility
Oct. 5, 2005 - ABB has received a contract to supply a high power rectifier system and two static var compensator (SVC) systems for the new SeverCorr, LLC steel mill to be built in Columbus, Miss.

GE Commercial Finance Provides Financing for SeverCorr
Oct. 5, 2005 - GE Commercial Finance has structured and arranged $440 million in senior financing to support the construction of SeverCorr LLC, a 1.5 million tons/year state-of-the-art steel mill in Lowndes County, Miss.

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