Neha Patil (Editor)

International Steel Group

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Industry
  
Steel

Defunct
  
2005

Founded
  
2002

Headquarters
  
Cleveland

Ceased operations
  
2005

Fate
  
Acquired

Website
  
(archived)

Owner
  
Wilbur Ross

Successor
  
Mittal Steel Company

International Steel Group

Predecessors
  
LTV Corporation, Bethlehem Steel

International Steel Group was a former American steel company. It was headquartered in Cleveland, Ohio.

Contents

In 2004 it was ranked #426 on the Fortune 500.

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. It acquired Bethlehem Steel, formerly America's second-largest steel producer, after the company was dissolved and the remaining assets were sold to in 2003.

It was acquired by Mittal Steel in 2005, which merged with Arcelor to become ArcelorMittal in 2006.

The Luxembourg based ArcelorMittal is integrated steel and mining multinational corporation, and is the world's largest steel producer as of 2014.

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.

    • References

    International Steel Group Wikipedia
    (Text) CC BY-SA