NewbieStruct:
You don’t bother to say how it’s loaded, how it’s failing, it’s thickness, or what the cap pl. and base pl. look like and how they are attached; all important in addressing your problem. You might add 2.5" x .375" bar stock, or some such, to each face with stitch welding at the edges of the new pls. They must also be attached properly to the cap and base pls. You may still have to do some shoring at this stage to unload the existing column, straighten it, and attach the reinf’g. bars. Then, at this point, it might be just as easy to put in a new column.