International Steel Group
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| Industry | Steel |
|---|---|
| Predecessor | LTV Steel, Bethlehem Steel |
| Founded | 2002 |
| Defunct | 2005 |
| Fate | Acquired |
| Successor | Mittal Steel |
| Headquarters | Cleveland, Ohio , United States |
| Website | (archived) |
International Steel Group (ISG) was an American steel company, headquartered in Cleveland, Ohio[1] which was established by the New York investment firm WL Ross & Co. In 2002 WL Ross & Co. LLC acquired the assets of bankrupt steel companies and rolled them into ISG.
In 2004 it was ranked #426 on the Fortune 500.[1]
History[]
International Steel Group was created in 2002, after the turn-around investment fund WL Ross & Co. LLC, purchased the LTV Steel (Ling-Temco-Vought) and Acme Steel corporations.[1]
It acquired what was left of the remaining assets of the dissolved Bethlehem Steel, formerly America's second-largest steel producer. Bethlehem Steel did not merge with/into International Steel Group.
It was acquired by Mittal Steel in 2005, which merged with Arcelor to become ArcelorMittal in 2006.
The Luxembourg based ArcelorMittal is an integrated steel and mining multinational corporation, and is the world's largest steel producer as of 2014.[2][3]
Timeline[]
- 2002: ISG purchased the assets of Acme Steel, and the integrated steel assets of LTV in February.
- 2003: ISG acquired the Bethlehem Steel Corporation assets, and the Gary plate mill of U.S. Steel.
- 2004: ISG purchased the assets of Weirton Steel, Georgetown Steel, and an HBI facility in Trinidad and Tobago.
- 2005: Completed merger with Mittal Steel Company in April.
- 2006: Mittal completed takeover of Arcelor, to form ArcelorMittal.
See also[]
- List of steel producers
- Steel companies of the United States
References[]
- ^ Jump up to: a b c International Steel Group website
- ^ ArcelorMittal S.A.
- ^ "Top steel-producing companies 2012". World Steel Association. Archived from the original on 2013-11-05. Retrieved 2013-11-10.
External links[]
- Official archived International Steel Group website — Intlsteel.com, via the Internet Archive Wayback Machine.
- ArcelorMittal S.A. corporate website
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- Bethlehem Steel
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