Industry Steel Defunct 2005 Founded 2002 Ceased operations 2005 | Fate Acquired Website (archived) Owner Wilbur Ross Successor Mittal Steel Company | |
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Predecessors LTV Corporation, Bethlehem Steel |
International Steel Group was a former American steel company. It was headquartered in Cleveland, Ohio.
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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
References
International Steel Group Wikipedia(Text) CC BY-SA