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CHICAGO HEIGHTS, Ill. — Two fires destroyed six homes and displaced nine people in Chicago Heights overnight. The fires started just after 11 p.m. Tuesday near 15th Street and Lowe Avenue.
A dramatic improvement in the prospects for United States Steel (NYSE: X) being sold to a foreign buyer led to a rally in the stock on the last trading day of the year. The storied industrial ...
The water cribs in Chicago are structures built to house and protect offshore water intakes used to supply the City of Chicago with drinking water from Lake Michigan. Water is collected and transported through tunnels located close to 200 feet (61 m) beneath the lake, varying in shape from circular to oval, and ranging in diameter from 10 to 20 ...
The plant later moved to South Chicago because raw materials could be shipped in via Lake Michigan, as well as an existing labor pool and available fresh water from the lake and the Calumet River. [1] In 1889, the facility merged with three other steel mills to form a new company called Illinois Steel, which later became part of Federal Steel. [1]
Shares of U.S. steel stocks U.S. Steel (NYSE: X), Cleveland Cliffs (NYSE: CLF), and Steel Dynamics (NASDAQ: STLD) were rallying on Wednesday, up 8.2%, 20.1%, and 13.8%, respectively, on the day ...
Inland Steel's main office building in East Chicago, Indiana, completed in 1930, was designed by Graham, Anderson, Probst & White [2] Inland Steel was founded in 1893 through the purchase of a small failed Chicago Heights steel mill, Chicago Steel Works. After its closing, the machinery was bought by Ross Buckingham.
The steel crisis was a recession in the global steel market during the 1973–1975 recession and early 1980s recession following the post–World War II economic expansion and the 1973 oil crisis, further compounded by the 1979 oil crisis, and lasted well into the 1980s.
Cleveland Cliffs acquired AK Steel in 2019 right before steel prices began to spike and within a year, it acquired ArcelorMittal USA in 2020 for $1.4 billion. U.S. Steel bought Big River Steel the ...