Its first incarnation ran from 1957 until 1985 when it was bought by Birmingham Steel Corporation, United States.
In 1956, both The Clarion-Ledger and The State Times newspapers reported that the area just to the east of Jackson had been carefully leveed to sustain industrial development.
Birmingham Steel operated two similar "Mini-Mills" in Alabama and Illinois.
The majority shareholders of Magna Corporation, the Caldwell family, intend to use the proceeds of the sale to purchase all outstanding shares of Magna Corporation thus taking the company private.
This plant plans to primarily serve the region's growing automotive industry.