Mississippi News
Steel Dynamics receives major incentives deal
What is Steel Dynamics, the Fortune 500 company that lawmakers gave $247M?
State lawmakers on Wednesday approved a $247 million tax incentives deal for Steel Dynamics Inc., a Fort Wayne, Indiana-based company that already has a manufacturing presence in Mississippi, to expand and build an aluminum mill near Columbus.
Steel Dynamics, a Fortune 500 company founded in 1993, is the third-largest producer of carbon steel products in the U.S. and one of the largest metal recyclers. It owns facilities across the U.S. and in Mexico.
READ MORE: Lawmakers pass $247M in incentives for aluminum mill
The company for the third quarter of 2022 reported record steel shipments of 3.2 million tons, net sales of $5.7 billion and an adjusted net income of $994 million. The company is considered one of the most profitable steel companies in the world and it employs around 10,000 people.
The company already operates a scrap-fed electric arc furnace steel mill in Columbus and plans to build a massive aluminum flat-rolled mill and other new operations in Mississippi that the company says will create at least 1,000 new high paying jobs.
Mississippi Gov. Tate Reeves on Wednesday, after state lawmakers approved the incentive deal, praised Steel Dynamics and the people who work at its existing Columbus plant.
“Do not forget the men and women employed at Steel Dynamics today,” Reeves said. “They would not be investing $2.5 billion today if not for the fact that Mississippians show up every day for work and they produce.”
According to industry reports, electric vehicles are requiring substantially more aluminum than traditional automobiles, and Steel Dynamics is positioning itself to take advantage of this. Company leaders in late summer, when discussing plans for a new plant, said labor and energy costs at their planned facility will be much less than traditional because of state-of-the-art equipment they plan to install. They said the aluminum rolling mill will work along with satellite recycling centers in the U.S. and Mexico.
Steel Dynamics’ existing Columbus steel mill was previously owned by Severstal North America and was bought by Steel Dynamics in 2014. The company said its Columbus mill “is currently the most technologically advanced (electric arc furnace) facility in North America” and can produce 3.4 million tons of steel a year. It serves the auto, agriculture, appliance and construction industries along with HVAC and pipe companies.
In 2021, Steel Dynamics settled a lawsuit with the U.S. Environmental Protection Agency after the federal government alleged the company was not complying with emissions standards at two of its facilities in Butler, Indiana. The company agreed to pay a civil penalty of $475,000 and spend $3 million to upgrade its air pollution control equipment.
READ MORE: Odd coalition of Dems, GOP questions governor’s plan to give company millions for aluminum plant
This article first appeared on Mississippi Today and is republished here under a Creative Commons license.
Mississippi News
Suspect in Charlie Kirk killing is charged with murder as prosecutor says DNA found on rifle trigger
SUMMARY: Tyler Robinson, 22, was charged with the murder of conservative figure Charlie Kirk, shot Sept. 10 at Utah Valley University. Robinson confessed via text to his partner and left a note expressing intent to kill Kirk, citing hatred. DNA linked Robinson to the rifle used. Prosecutors revealed Robinson planned the attack for over a week and targeted Kirk, a key conservative youth leader. Robinson’s political views shifted after dating a transgender man, causing family tensions. After the shooting, Robinson discarded evidence and urged his partner to delete texts. FBI investigates possible wider connections. Charges include murder with potential death penalty enhancements.
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The post Suspect in Charlie Kirk killing is charged with murder as prosecutor says DNA found on rifle trigger appeared first on www.wjtv.com
Mississippi News
Suspect in Charlie Kirk assassination believed to have acted alone, says Utah governor
SUMMARY: Tyler Robinson, 22, was arrested for the targeted assassination of conservative activist Charlie Kirk in Orem, Utah. Authorities said Robinson had expressed opposition to Kirk’s views and indicated responsibility after the shooting. The attack occurred during a Turning Point USA event at Utah Valley University, where Kirk was shot once from a rooftop and later died in hospital. Engravings on bullets and chat messages helped link Robinson to the crime, which was captured on grim video. The killing sparked bipartisan condemnation amid rising political violence. President Trump announced Robinson’s arrest and plans to award Kirk the Presidential Medal of Freedom.
The post Suspect in Charlie Kirk assassination believed to have acted alone, says Utah governor appeared first on www.wjtv.com
Mississippi News
Americans mark the 24th anniversary of the 9/11 attacks with emotional ceremonies
SUMMARY: On the 24th anniversary of the 9/11 attacks, solemn ceremonies were held in New York, at the Pentagon, and in Shanksville to honor nearly 3,000 victims. Families shared personal remembrances, emphasizing ongoing grief and the importance of remembrance. Vice President JD Vance postponed his attendance to visit a recently assassinated activist’s family, adding tension to the day. President Trump spoke at the Pentagon, pledging never to forget and awarding the Presidential Medal of Freedom posthumously. The attacks’ global impact reshaped U.S. policy, leading to wars and extensive health care costs for victims. Efforts continue to finalize legal proceedings against the alleged plot mastermind.
The post Americans mark the 24th anniversary of the 9/11 attacks with emotional ceremonies appeared first on www.wcbi.com
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