ISG Weirton Steel: Difference between revisions

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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.

History

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 Works

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]

References

^ "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

The History of Weirton Steel Corporation

This United States manufacturing company–related article is a stub. You can help Wikipedia by expanding it.

[usatoday_2004_weirton_ISG_WLRoss-1] "Judge approves buyout of Weirton Steel". USA Today. Wheeling, West Virginia. April 22, 2004. Retrieved November 5, 2017.

[2] 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.

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-{{Inappropriate tone|date=March 2008}}
+{{more citations needed|date=December 2009}}
+[[File:Demolition of the Weirton Steel mill structures in 2023 (52713645561).jpg|thumb|Former Weirton Steel building in February 2023]]
-{{Unreferenced|date=December 2009}}
-Founded by [[Ernest T. Weir]] in [[West Virginia]] in 1909, '''Weirton Steel''' was a fully integrated steel producer and one of the world's largest producers of [[Tinning|tin plate]] products.
+'''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 [[Tinning|tin plate]] products.
 == History ==
-Weirton Steel Corporation was an integrated [[steel mill]] founded in 1909 by Ernest T. Weir, who built Weirton Steel into one of the world's leading steel producers.  In 1905 Weir and his partner, James Phillips, bought a tin mill in [[Clarksburg, West Virginia]].  In 1909, the partners successfully relocated and expanded the operation in what was then [[Hollidays Cove]], [[West Virginia]].  They chose Hollidays Cove because of its abundant water supply.  The water was much needed for steel production, and offered ready access to major steel markets.
+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 quickly took a place among the nation's largest steel producers.
+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|date=October 2019}} 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.<ref name="usatoday_2004_weirton_ISG_WLRoss">{{cite news |url=https://usatoday30.usatoday.com/money/industries/manufacturing/2004-04-22-weirton-isg_x.htm |title=Judge approves buyout of Weirton Steel |date=April 22, 2004 |access-date=November 5, 2017 |location=Wheeling, West Virginia |work=USA Today}}</ref> By court order, the assets were then auctioned, with most being acquired by ISG, which formed a new division called '''ISG Weirton Steel'''.
-However, toward the end of the century Weirton Steel had fallen on hard times.
+On April 5, 2005, ISG completed a merger with [[Mittal Steel Company|Mittal Steel]]. In 2006, Mittal Steel completed a further merger with [[Arcelor]], forming a new company known as [[Arcelor Mittal|ArcelorMittal]].
-Weirton Steel had been the world's largest [[Employee Stock Ownership Plan]] (ESOP) steel plant when employees had purchased in the 1980s. After Weirton filed for bankruptcy, ISG put in a low offer of $237 million. On April 22, 2004 U.S. federal bankruptcy Judge L. Edward Friend II ruled that Ohio-based [[International Steel Group|ISG]] could purchase Weirton Steel, a steel company with 3,000 employees for $237 million.<ref name="usatoday_2004_weirton_ISG_WLRoss">{{cite news |url=https://usatoday30.usatoday.com/money/industries/manufacturing/2004-04-22-weirton-isg_x.htm |title=Judge approves buyout of Weirton Steel |date=April 22, 2004 |access-date=November 5, 2017 |location=Wheeling, West Virginia |work=USA Today}}</ref> By court order, the assets were then auctioned with most being acquired by [[International Steel Group|ISG]]. ISG then formed a new division called '''ISG Weirton Steel'''.
+In December 2020, ArcelorMittal sold its U.S. holdings to Ohio-based [[Cleveland-Cliffs Inc.]] making it a subsidiary of the Cleveland-Cliffs organization.
-On April 5, 2005, ISG completed a merger with [[Mittal Steel Company|Mittal Steel]].  Then again in 2006, Mittal Steel completed a merger with [[Arcelor]] thus resulting in a new company known as [[Arcelor Mittal]].
+==Weirton Steel Works==
+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 [[Metal–air electrochemical cell|iron-air batteries]] for electrical storage at the Weirton mill site.<ref>{{Cite news |last=Noor |first=Dharna |date=2023-08-14 |title=A renewable energy battery plant will rise in US where a steel mill once stood |language=en-GB |work=The Guardian |url=https://www.theguardian.com/us-news/2023/aug/14/weirton-west-virginia-battery-plant-steel-mill |access-date=2023-09-17 |issn=0261-3077}}</ref>
 ==See also==
 * [[List of steel producers]]
+==References==
+{{reflist}}
 ==External links==
-*[http://www.weirton.com/company/about/hist.html The History of Weirton Steel Corporation]
+{{Commonscat}}
+*[https://web.archive.org/web/20080309183211/http://www.weirton.com/company/about/hist.html The History of Weirton Steel Corporation]
 {{DEFAULTSORT:Isg Weirton Steel}}