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The Youngstown Sheet and Tube Company, based in Youngstown, Ohio, was an American steel manufacturer. Officially, the company was created on November 23, 1900, when Articles of Incorporation of the Youngstown Iron Sheet and Tube Company were filed with the Ohio Secretary of State at Columbus. In 1905 the word "Iron" was dropped from the company ...
The company erected a sheet mill plant at Niles, Ohio with an annual capacity of 48,000 tons of black steel sheets, and made improvements and extensions which permitted of the production of 12,000 tons of galvanized sheets per year. The plant employed approximately 425 men, and had an annual payroll of about $960,000.
In 1988, the sheet division was sold to 500 employees of the company through an employee stock ownership plan; the new firm was named North Coast Brass & Copper Co. Only 40 Chase employees were left in the Cleveland area, at its Solon headquarters, though the firm still had two other divisions, in Montpelier, OH, and Shelby, NC.
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In 1969 Youngstown Sheet and Tube merged with the New Orleans–based Lykes Corporation, and in 1979 the combined Lykes-Youngstown was bought by the conglomerate LTV. [12] This brought decisions to the local economy out of the hands of the Youngstown area for the first time, although Republic Steel had moved to nearby Cleveland years earlier.
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