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Weirton Steel Corporation was a steel production company founded by Ernest T. Weir in West Virginia in 1909. It was at one time one of the world's largest producers of tin plate products.
Weirton Steel Corporation was an integrated steel mill founded in 1909 by Ernest T. Weir. In 1905, Weir and his partner, James Phillips, bought a tin mill in Clarksburg, West Virginia. In 1909, they relocated to Hollidays Cove, West Virginia, and expanded the operation. The location was chosen due to the abundant water supply, much needed for steel production, and the convenient access to major steel markets.
In 1929, Weir merged Weirton Steel with Detroit's Michigan Steel and Cleveland's M. A. Hanna Company to form National Steel Corporation. National Steel became one of the largest steel producers in the United States,[ citation needed ] but by the end of the century, the company was experiencing financial difficulties.
Weirton Steel became the largest Employee Stock Ownership Plan (ESOP) steel plant in the world when employees purchased stocks in the 1980s. After Weirton Steel filed for bankruptcy, with 3,000 employees, Ohio-based International Steel Group (ISG) submitted a low offer of $237 million. On April 22, 2004, U.S. federal bankruptcy Judge L. Edward Friend II ruled that ISG could purchase Weirton Steel. [1] By court order, the assets were then auctioned, with most being acquired by ISG, which formed a new division called ISG Weirton Steel.
On April 5, 2005, ISG completed a merger with Mittal Steel. In 2006, Mittal Steel completed a further merger with Arcelor, forming a new company known as ArcelorMittal.
In December 2020, ArcelorMittal sold its U.S. holdings to Ohio-based Cleveland-Cliffs Inc. making it a subsidiary of the Cleveland-Cliffs organization.
Located in Weirton, West Virginia, the integrated steel mill had four blast furnaces (1919, 1926, 1941 and 1952), an open-hearth shop (1920) and a bessemer converter (1936). It was one of the world´s largest producers of tin plate products. A basic oxygen plant was constructed in 1965.
In May 2023, Form Energy began building a manufacturing facility producing iron-air batteries for electrical storage at the Weirton mill site. [2]
Despard is a census-designated place (CDP) in Harrison County, West Virginia, United States. The population was 1,004 at the 2010 census.
Weirton is a city in Hancock and Brooke counties in the U.S. state of West Virginia. Located along the Ohio River in the state's Northern Panhandle, the city's population was 19,163 as of the 2020 census, making it the sixth-largest city in the state.
Arcelor S.A. was the world's largest steel producer in terms of turnover and the second largest in terms of steel output, with a turnover of €30.2 billion and shipments of 45 million metric tons of steel in 2004. The company was created in 2002 by a merger of the former companies Aceralia (Spain), Usinor (France) and Arbed (Luxembourg). Arcelor is now part of ArcelorMittal after a takeover by Mittal Steel in 2006.
The United Steel, Paper and Forestry, Rubber, Manufacturing, Energy, Allied Industrial and Service Workers International Union, commonly known as the United Steelworkers (USW), is a general trade union with members across North America. Headquartered in Pittsburgh, the United Steelworkers represents workers in Canada, the Caribbean, and the United States. The United Steelworkers represent workers in a diverse range of industries, including primary and fabricated metals, paper, chemicals, glass, rubber, heavy-duty conveyor belting, tires, transportation, utilities, container industries, pharmaceuticals, call centers, museums, and health care.
International Steel Group (ISG) was an American steel company, headquartered in Cleveland, Ohio, which was established by the New York investment firm WL Ross & Co LLC to acquire the assets of bankrupt steel companies and combine them together in a new company.
ArcelorMittal Kryvyi Rih is Ukraine's largest integrated steel company, founded in 1934 and located in Kryvyi Rih, in central Ukraine.
Wheeling-Pittsburgh Steel was a steel manufacturer based in Wheeling, West Virginia.
The Brandywine Valley Railroad is a class III railroad operating in Pennsylvania.
Continental Can Company (CCC) was an American producer of metal containers and packaging company, that was based in Stamford, Connecticut.
ArcelorMittal S.A. is a Luxembourg-based multinational steel manufacturing corporation headquartered in Luxembourg City. It was formed in 2006 from the takeover and merger of Arcelor by Indian-owned Mittal Steel. ArcelorMittal is the second largest steel producer in the world, with an annual crude steel production of 88 million metric tonnes as of 2022. It is ranked 197th in the 2022 Fortune Global 500 ranking of the world's largest corporations. It directly and indirectly employs around 200,000 people and its market capital is $25 billion. The total value of company assets is estimated to be around $100 billion.
The Port of Indiana-Burns Harbor is an industrial area, founded in 1965 and located on the Lake Michigan shore of Indiana at the intersection of U.S. Route 12 and Indiana State Road 249. The primary work done in the area is the manufacturing of steel, and the port area is dominated by steel mills. The port is divided between the municipalities of Burns Harbor and Portage.
Cleveland-Cliffs Inc. (CCI), formerly Cliffs Natural Resources, is a Cleveland, Ohio-based company that specializes in the mining, beneficiation, and pelletizing of iron ore, as well as steelmaking, including stamping and tooling. It is the largest flat-rolled steel producer in North America.
Hollidays Cove is a neighborhood in Weirton, West Virginia, United States. Founded in 1793, Hollidays Cove was the earliest permanent white settlement in what was then Brooke County, Virginia, later becoming Hancock County, West Virginia. The settlement was named after John Holliday, who built a log cabin in a valley on Harmon's Creek in 1776.
Lukens Steel Company, located in Coatesville, Pennsylvania, is the oldest iron mill in commission within the United States.
Essar Steel was a common name of the steel manufacturing companies of the Essar Group of Companies. Its main subsidiary was Essar Steel India Limited, a fully integrated flat carbon steel manufacturer based in Mumbai, which owned and operated a steel mill in Hazira, Surat district of Gujarat state. In addition, it had also a beneficiation plant at Bailadilla, Chhattisgarh, and pellet plants at Visakhapatnam, Andhra Pradesh, and Paradeep, Odisha.
Ernest Tener Weir was an American steel manufacturer best known for having founded both Weirton Steel and the town of Weirton, West Virginia.
American Sheet and Tin Plate Company was an American industrial company specialized in tinplate products, incorporated in New Jersey with offices at the Frick Building in Pittsburgh, Pennsylvania, and operations around the United States. The company produced sheets of steel, coated with a thin layer of tin.
Nippon Steel Corporation is Japan's largest steelmaker, headquartered in Chiyoda-ku, Tokyo. The company has four business segments, including steelmaking, engineering, chemicals, and system solutions. It is the largest producer of crude steel in Japan and the third largest in the world. The original cooperation was established in 1970 by the merger of Fuji Iron & Steel and Yawata Iron & Steel.
WL Ross & Co is a private equity company founded and based in New York by Wilbur Ross in April 2000. The company focuses on investments in financially distressed companies with undervalued stocks, in the $100 to $200 million range, usually in the United States, Asia, Korea, Ireland, Japan, France and China. By acquiring majority stake in their investments through purchases and/or buyouts, WL Ross & Co. LLC then have the option of restructuring, turnarounds, mergers, reorganizations and industry consolidation. Starting in 2002, WL Ross began acquiring the assets of bankrupt steel companies such as LTV Steel Corp, Bethlehem Steel, Weirton Steel, Acme Steel, Georgetown Steel, Youngstown Sheet and Tube, and Republican Steel. By 2003 Ross had established relationships with the United Steelworkers, promising to save jobs. WL Ross founded the company International Steel Group (ISG) by combining bankrupt LTV Corp., Acme Steel and Bethlehem Steel, which quickly became the largest integrated steel company in the United States and was a Fortune 500 company by 2005.
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