Weirton Steel Corporation was a steel production company founded by Ernest T. Weir in West Virginia in 1909. It was at one time one of the world's largest producers of tin plate products.
Weirton Steel Corporation was an integrated steel mill founded in 1909 by Ernest T. Weir. In 1905, Weir and his partner, James Phillips, bought a tin mill in Clarksburg, West Virginia. In 1909, they relocated to Hollidays Cove, West Virginia, and expanded the operation. The location was chosen due to the abundant water supply, much needed for steel production, and the convenient access to major steel markets.
In 1929, Weir merged Weirton Steel with Detroit's Michigan Steel and Cleveland's M. A. Hanna Company to form National Steel Corporation. National Steel became one of the largest steel producers in the United States,[citation needed] but by the end of the century, the company was experiencing financial difficulties.
Weirton Steel became the largest Employee Stock Ownership Plan (ESOP) steel plant in the world when employees purchased stocks in the 1980s. After Weirton Steel filed for bankruptcy, with 3,000 employees, Ohio-based International Steel Group (ISG) submitted a low offer of $237 million. On April 22, 2004, U.S. federal bankruptcy Judge L. Edward Friend II ruled that ISG could purchase Weirton Steel.[1] By court order, the assets were then auctioned, with most being acquired by ISG, which formed a new division called ISG Weirton Steel.
On April 5, 2005, ISG completed a merger with Mittal Steel. In 2006, Mittal Steel completed a further merger with Arcelor, forming a new company known as ArcelorMittal.
In December 2020, ArcelorMittal sold its U.S. holdings to Ohio-based Cleveland-Cliffs Inc. making it a subsidiary of the Cleveland-Cliffs organization.
Weirton Steel Worksedit
Located in Weirton, West Virginia, the integrated steel mill had four blast furnaces (1919, 1926, 1941 and 1952), an open-hearth shop (1920) and a bessemer converter (1936). It was one of the world´s largest producers of tin plate products. A basic oxygen plant was constructed in 1965.
In May 2023, Form Energy began building a manufacturing facility producing iron-air batteries for electrical storage at the Weirton mill site.[2]
^"Judge approves buyout of Weirton Steel". USA Today. Wheeling, West Virginia. April 22, 2004. Retrieved November 5, 2017.
^Noor, Dharna (2023-08-14). "A renewable energy battery plant will rise in US where a steel mill once stood". The Guardian. ISSN 0261-3077. Retrieved 2023-09-17.
External linksedit
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weirton, steel, this, article, needs, additional, citations, verification, please, help, improve, this, article, adding, citations, reliable, sources, unsourced, material, challenged, removed, find, sources, news, newspapers, books, scholar, jstor, december, 2. This article needs additional citations for verification Please help improve this article by adding citations to reliable sources Unsourced material may be challenged and removed Find sources ISG Weirton Steel news newspapers books scholar JSTOR December 2009 Learn how and when to remove this template message Weirton Steel Corporation was a steel production company founded by Ernest T Weir in West Virginia in 1909 It was at one time one of the world s largest producers of tin plate products Former Weirton Steel building in February 2023 Contents 1 History 2 Weirton Steel Works 3 See also 4 References 5 External linksHistory editWeirton Steel Corporation was an integrated steel mill founded in 1909 by Ernest T Weir In 1905 Weir and his partner James Phillips bought a tin mill in Clarksburg West Virginia In 1909 they relocated to Hollidays Cove West Virginia and expanded the operation The location was chosen due to the abundant water supply much needed for steel production and the convenient access to major steel markets In 1929 Weir merged Weirton Steel with Detroit s Michigan Steel and Cleveland s M A Hanna Company to form National Steel Corporation National Steel became one of the largest steel producers in the United States citation needed but by the end of the century the company was experiencing financial difficulties Weirton Steel became the largest Employee Stock Ownership Plan ESOP steel plant in the world when employees purchased stocks in the 1980s After Weirton Steel filed for bankruptcy with 3 000 employees Ohio based International Steel Group ISG submitted a low offer of 237 million On April 22 2004 U S federal bankruptcy Judge L Edward Friend II ruled that ISG could purchase Weirton Steel 1 By court order the assets were then auctioned with most being acquired by ISG which formed a new division called ISG Weirton Steel On April 5 2005 ISG completed a merger with Mittal Steel In 2006 Mittal Steel completed a further merger with Arcelor forming a new company known as ArcelorMittal In December 2020 ArcelorMittal sold its U S holdings to Ohio based Cleveland Cliffs Inc making it a subsidiary of the Cleveland Cliffs organization Weirton Steel Works editLocated in Weirton West Virginia the integrated steel mill had four blast furnaces 1919 1926 1941 and 1952 an open hearth shop 1920 and a bessemer converter 1936 It was one of the world s largest producers of tin plate products A basic oxygen plant was constructed in 1965 In May 2023 Form Energy began building a manufacturing facility producing iron air batteries for electrical storage at the Weirton mill site 2 See also editList of steel producersReferences edit Judge approves buyout of Weirton Steel USA Today Wheeling West Virginia April 22 2004 Retrieved November 5 2017 Noor Dharna 2023 08 14 A renewable energy battery plant will rise in US where a steel mill once stood The Guardian ISSN 0261 3077 Retrieved 2023 09 17 External links edit nbsp Wikimedia Commons has media related to ISG Weirton Steel The History of Weirton Steel Corporation nbsp This United States manufacturing company related article is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title ISG Weirton Steel amp oldid 1190985357, wikipedia, wiki, book, books, library,
