Search results
Results from the WOW.Com Content Network
The steelmaker's CEO David Burritt told WSJ the nearly $3 billion Nippon had pledged to invest in U.S. Steel's older mills was crucial to remain competitive and maintain workers' jobs. "We wouldn ...
Nippon Steel sees the sale as a way to gain a substantial presence in the American market, driven, in part, by the big commitment to public works the Biden White House pushed through Congress.
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.
U.S. Steel, formed by J. P. Morgan's merger of Carnegie Steel with other steel producers, was once the largest company in the United States. [21] The Pittsburgh-based steelmaker had held the record for the largest initial public offering of any company in history—becoming the first billion-dollar company—and was added to the Dow Jones Industrial Average on its first day of public trading ...
Most of the steel produced has been by the growing number of mini-mills, also called specialty mills, which in 2014 numbered 113. In 1981, mini-mills produced an estimated 15% of US steel. [ 13 ] Since 2002, steel produced by electric arc furnace, the process used by the mini-mills, has produced more than half the steel made in the US.
Officials with the Japanese company that owns the Vinton Steel minimill are considering a $420.5 million expansion of the 62-year-old facility located in El Paso County’s Upper Valley.
Because iron and steel-making at the time consumed more coal than iron ore, the steel mills moved closer to the coal mines to minimize transportation costs. Although later overshadowed by production from the Lake Superior mines, iron ore mining in New Jersey and New York continued until the 1960s. Iron mining in Pennsylvania ended in 1973.
In 1949, Crucible began operations in an $18 million sheet and strip mill at the Midland works, becoming the first steel mill to use hot and cold rolling of stainless and high-alloy sheet and strip. Iron Age, manufacturer of the hot reversing mill, called this a transition from a curiosity to standard production practice; ovens on both sides of ...