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Ternium S.A. is a manufacturer of flat and long steel products with production centers in Argentina, Brazil, Mexico, Guatemala, Colombia, and the United States. Ternium owns a 51.5% interest in Usiminas of Brazil. The company has an annual production capacity of 15.4 million tons. [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] By 1901, the company was under the control of US Steel. [1] By 1951, the South Works boasted 11 blast furnaces, 8 electric furnaces, and 12 rolling mills, and employed some 15,000 employees. [2]
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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The company owns 11.46% of Ternium, 3.96% of the share capital of Usiminas, and 22% of Techgen. [1] The company is 60.45% owned by Techint, which is controlled by San Faustin S.A., which is in turn controlled by Rocca & Partners Stichting Administratiekantoor Aandelen San Faustin, a Stichting, while 38.41% of the company is publicly-traded. [1]
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For premium support please call: 800-290-4726 more ways to reach us
The Illinois Steel Company was founded in 1889 following the consolidation of three companies; The North Chicago Rolling Mill Company had plants in Chicago, South Chicago, Chicago (1880), and Milwaukee, Wisconsin (1868), The Union Iron Company (1863) of Chicago and the Joliet Steel Company (1870) were also involved in the merge.