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Large integrated steel mills were built in Chicago, Detroit, Gary, Indiana, Cleveland, and Buffalo, New York, to handle the Lake Superior ore. Cleveland's first blast furnace was built in 1859. In 1860, the steel mill employed 374 workers. By 1880, Cleveland was a major steel producer, with ten steel mills and 3,000 steelworkers. [10]
Ultimately, Cleveland-Cliffs failed to purchase U.S. Steel as the company agreed to be acquired by Japan's Nippon Steel instead for $14.9 billion. [48] In January 2025, US President Joe Biden blocked the merger. Both US Steel and Nippon sued the US government, complaining that the block was “a clear violation of due process”.
Henry Chisholm (April 22, 1822 – May 9, 1881) was a Scottish American businessman and steel industry executive during the Gilded Age in the United States. A resident of Cleveland, Ohio, he purchased a small, struggling iron foundry which became the Cleveland Rolling Mill, one of the largest steel firms in the nation.
The first blast furnace in Cleveland was built by the firm in 1861. In November 1863, an investment from Stone led to the expansion and reorganization of the company, which then became the Cleveland Rolling Mill Company. [3] In 1868 the company installed a pair of Bessemer converters, and started using them to produce steel. [1]
Cleveland Cliffs made an unsolicited $8.3 billion cash and stock offer for US Steel last year that was supported by the union, but it was rejected by the company. The nation’s automakers ...
Cleveland-Cliffs operates every integrated steel mill: in East Chicago, Indiana, Burns Harbor, Indiana, and Cleveland, Ohio. [7] In 2020, Cleveland Cliffs acquired AK Steel Corporation along with its three integrated steel mills, one in Middletown, Ohio, Dearborn, Michigan and the other in Ashland, Kentucky.
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On December 10, 1987, Cleveland-Cliffs, Inc. donated the steamer SS William G. Mather to the Great Lakes Historical Society to be restored and preserved as a museum ship and floating maritime museum. After it was brought to Cleveland in October 1988 and funding was acquired from local foundations, corporations, and individuals, restoration began.