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In early 2001, Cleveland-Cliffs managed LTV Steel Mining Company permanently closed in the wake of Ling-Temco-Vought's bankruptcy. Later that year, the company cut its dividend by 73% due to low prices. [8] In 2002, Ling-Temco-Vought, a partner in the Empire Mine managed by CCI, closed and the Empire Mine was idled for six months. [9]
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.
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.
AK Steel Holdings Corporation was an American steelmaking company headquartered in West Chester Township, Ohio. The company, whose name was derived from the initials of Armco, its predecessor company, and Kawasaki Steel Corporation , was acquired by Cleveland-Cliffs in 2020.
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 ...
Aluminum Manufacturers, Inc., based in Cleveland, Ohio, was a major producer of aluminum and brass materials in the early 20th century. The company was incorporated in November 1919, [ 1 ] absorbing The Aluminum Castings Company , a Detroit , Michigan company which had been incorporated in 1909. [ 2 ]
United States Steel Corp. said Sunday that it rejected a $7.3 billion buyout proposal from rival Cleveland Cliffs and was reviewing “strategic alternatives” after receiving several unsolicited ...
Aleris was an aluminum rolled products producer, based in Beachwood, Ohio, a suburb of Cleveland. [2] [3] The privately held company had approximately 5,000 employees overall, as of mid 2015, around 200 of which are based in Northeast Ohio, including a manufacturing facility in Uhrichsville, Ohio.