Steel Mills

Big River Steel CEO John Correnti Dead at Age 68
Written by John Packard
August 19, 2015
A huge hole has been made in the heart the US steel industry. Big River Steel CEO John Correnti died this morning while on an out-of-town business trip.
John Correnti, 68, was no stranger to the development of steel mills. His plan to build the mini-mill in Osceola, Ark. was backed by almost 50 years of experience in the steel industry.
Correnti began his steel experience in 1969 in construction management at US Steel. He joined Nucor Corporation in 1980 as manager of construction and developed methods that cut construction time of new steel facilities by 50 percent. He was promoted to Vice President in 1984 then to Chief Operating Officer. Correnti took over as president of Nucor following Ken Iverson’s resignation in 1991 and then as Nucor’s president and CEO from 1996 to 1999.
In 2000 he led a successful proxy fight to take over Birmingham Steel and then served as its CEO and Chairman until its sale to Nucor in 2002. Correnti moved on to develop SteelCorr, LLC as Chairman, CEO and President. He founded SeverCorr LLC in 2005, which eventually became Severstal Columbus LLC, and served as its President and CEO until 2008. The Mississippi mill is now owned by Steel Dynamics
John Correnti was the CEO of Steel Development Company LLC since 1994 as well as a director and member of the audit committee of the Corrections Corporation of America since 2000.
He received a Bachelor of Science degree in civil engineering from Clarkson University and maintained a home in Blytheville, Ark.
Mr. Correnti was well thought of in the steel industry community and will be missed for his passion, humor and drive.

John Packard
Read more from John PackardLatest in Steel Mills

AISI: Raw steel production backs off multi-year high
US raw steel output edged lower last week after hitting a multi-year high in mid-June, according to the American Iron and Steel Institute (AISI).

Private equity firm Atlas Holdings to acquire Evraz North America
Atlas Holdings said it has signed a definitive agreement to acquire Evraz North America (Evraz NA). The Greenwich, Conn.-based private equity firm said it expects the deal for the Chicago-based steelmaker to close in the second quarter of 2025 subject to various closing condition.

Granite City Works must remain open and other terms of the Nippon-USS deal
SEC documents also name Trump specifically as having veto power certain decisions are part of the “Golden Share” provision.

USS shuffles some leadership roles after close of Nippon deal
USS shuffles leadership deck after deal closes with Nippon.

ArcelorMittal fires up steelmaking at Calvert mill
With the marking of the EAF’s first heat earlier this month, the mill has moved from a rerolling and finishing mill to a full steelmaking facility.