COLUMBUS, Miss. (WTVA) -- A local steel mill is getting funds for capital investment projects as it prepares to increase production.
Severstal announced Wednesday it would invest $1.3 billion in its steel and mining operations worldwide.
The company has set aside $43 million for the rolled steel mill in Columbus.
Company officials tell WTVA.com the money will be used for health and safety improvements, environmental projects, infrastructure and production maintenance.
Severstal says production at the Columbus plant increased 26 percent in 2012.
They say production will jump 11 percent by the end of 2013.