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| '''Wheeling-Pittsburgh Steel''' was a ] manufacturer based in ], ]. | '''Wheeling-Pittsburgh Steel''' was a ] manufacturer based in ], ]. | ||
| == |
==Operations== | ||
| The company owned factories for 30 miles, from Benwood, West Virginia north to Steubenville, Ohio. | |||
| * '''Ackermann Works''' at Wheeling, which produced pressed and drawn steel stampings used in the automotive and appliance industries. | * '''Ackermann Works''' at Wheeling, which produced pressed and drawn steel stampings used in the automotive and appliance industries. | ||
| * '''Beech Bottom Works''' at ], which consisted of sheet mills for producing hot rolled electrical sheets used by electrical equipment manufacturers. It also had facilities for coating long terne sheets produced by the Yorkville Works. | * '''Beech Bottom Works''' at ], which consisted of sheet mills for producing hot rolled electrical sheets used by electrical equipment manufacturers. It also had facilities for coating long terne sheets produced by the Yorkville Works. | ||
| Line 32: | Line 32: | ||
| * '''Wheeling Works''' at Wheeling, which fabricated containers, stove pipe and furnace pipe, electric and gas dryers, roofing accessories, floor and roof decking, gasoline tanks for automobiles, and miscellaneous automobile parts. | * '''Wheeling Works''' at Wheeling, which fabricated containers, stove pipe and furnace pipe, electric and gas dryers, roofing accessories, floor and roof decking, gasoline tanks for automobiles, and miscellaneous automobile parts. | ||
| * '''Yorkville Works''' at ], which consisted of the first cold reduced black plate for tinning. The first tandem mill of its kind was installed in 1928. The facility produced electrolytic and hot-dipped tinplate, black plate, and terneplate. It also had a metal decorating plant for coating and lithographing tin, terne, and black plate, and two electrolytic tin plate lines that produced tin plate at up to 1,000 feet per minute. | * '''Yorkville Works''' at ], which consisted of the first cold reduced black plate for tinning. The first tandem mill of its kind was installed in 1928. The facility produced electrolytic and hot-dipped tinplate, black plate, and terneplate. It also had a metal decorating plant for coating and lithographing tin, terne, and black plate, and two electrolytic tin plate lines that produced tin plate at up to 1,000 feet per minute. | ||
| Wheeling Steel was acquired by |
Wheeling Steel was acquired by Pittsburgh Steel to form the Wheeling-Pittsburgh Steel Corporation in December 1968. The merger added: | ||
| * '''Allenport Works''', a sheet steel plant in ]. | * '''Allenport Works''', a sheet steel plant in ]. | ||
| * '''Monessen Works''', a steel mill in ]. | * '''Monessen Works''', a steel mill in ]. | ||
| Wheeling-Pittsburgh’s was slow to modernize its high-cost facilities and overcome downturns in the steelmaking industry in the 1980’s. A late attempt to use a pig-iron blast furnace and electric arc furnace in tandem failed when the electric arc furnace did not achieve its designed capacity. Esmark engaged in a proxy takeover for Wheeling-Pittsburgh in 2005 and took over the company in November 2007.<ref name="Severstal" /> Severstal acquired Esmark’s Wheeling-Pittsburgh holdings in August 2008 for $1.25 billion,<ref name="Severstal">.</ref> which was then acquired by RG Steel in 2011.<ref></ref> Mass layoffs by RG Steel began in June 2012 after the company declared bankruptcy.<ref> . accessed 2.12.2014</ref> The company sent notices to all 4000 RG Steel employees that they may be laid off, with layoffs beginning on June 4, 2012.<ref name="Chapter11">.</ref> | |||
| ==History== | |||
| ===Bankruptcy liquidations and the reopening of the Mingo plant=== | |||
| Wheeling Steel Corporation was organized on June 21, 1920 as a successor to three prior steel companies.<ref>{{Cite news|title=Wheeling Steel Corp. is Major Producer|date=15 January 1956|newspaper=Wheeling News-Register|via=}}</ref> | |||
| ⚫ | |||
| The company was slow to modernize its high-cost facilities and overcome downturns in the steelmaking industry in the 1980’s. A late attempt to use a pig-iron blast furnace and electric arc furnace in tandem failed when the electric arc furnace did not achieve its designed capacity. | |||
| Esmark engaged in a proxy takeover for Wheeling-Pittsburgh in 2005 and took over the company in November 2007. Severstal acquired Esmark’s Wheeling-Pittsburgh holdings in August 2008 for $1.25 billion,<ref>{{cite news | url=http://triblive.com/home/1896057-74/steel-esmark-wheeling-million-pittsburgh-bankruptcy-billion-keegan-severstal-steelmaker | title=RG Steel files for Chapter 11 bankruptcy protection | first=THOMAS | last=OLSON | publisher=] | date=May 31, 2012}}</ref> which was then acquired by RG Steel in 2011.<ref>{{cite news | url=http://www.post-gazette.com/businessnews/2011/03/03/Severstal-selling-Wheeling-Pitt-mills-and-other-assets/stories/201103030702 | title=Severstal selling Wheeling-Pitt mills and other assets | publisher=] | date=March 3, 2011}}</ref> In 2012, RG Steel declared bankruptcy and initiated layoffs.<ref>{{cite news | url=http://www.wfmj.com/story/18614506/rg-steel-announcing | title=RG Steel to close Warren plant, laying off 1,000 employees | publisher=] | date=May 30, 2012}}</ref> The company sent notices to all 4000 RG Steel employees that they may be laid off, with layoffs beginning on June 4, 2012.<ref name="Chapter11">{{cite news | url=http://www.reuters.com/article/rgsteel-bankruptcy/update-4-rg-steel-files-ch-11-cites-steel-market-deterioration-idUSL1E8GV36W20120531 | title=RG Steel files Ch 11; cites steel market deterioration | publisher=] | date=May 31, 2012}}</ref> | |||
| ===Liquidation of RG Steel=== | |||
| ⚫ | As part of the Chapter 11 bankruptcy liquidation of RG Steel, the Yorkville, Ohio plant was sold back to Esmark, the Martins Ferry, Ohio plant was sold to a local businessman, and the Steubenville, Ohio plant was sold to the metal recycler Herman Strauss.<ref>{{cite news | url=https://www.law360.com/articles/346980/rg-steel-secures-15m-stalking-horse-bid-for-ohio-plant | title=RG Steel Secures $15M Stalking Horse Bid For Ohio Plant | first=Jamie | last=Santo | publisher=] | date=June 4, 2012}}</ref> The mill was purchased by Acero Junction, based in India, which refurbished the rolling mill in Mingo Junction and announced plans of restarting the electric arc furnace (EAF) and continuous caster. | ||
| == |
==Further reading== | ||
| * at Abandoned | * at Abandoned | ||
| ==References== | ==References== | ||
| {{reflist}} | {{reflist|1}} | ||
| ] | ] | ||
Revision as of 10:35, 10 October 2017
.png) | |
 Wheeling-Pittsburgh Steel Building,in downtown Wheeling, West Virginia. | |
| Industry | Metals |
|---|---|
| Founded | 1920 |
| Successor | RG Steel, LLC (bankrupt entity) |
| Headquarters | Pittsburgh, Pennsylvania (1920-August 22, 1986) Wheeling, West Virginia (August 1986-2013) |
| Products | raw steel galvanized steel substrate steel coils bridge building sheet metal tin coke |
| Revenue | liquidated |
| Website | www.rg-steel.com |
Wheeling-Pittsburgh Steel was a steel manufacturer based in Wheeling, West Virginia.
Operations
The company owned factories for 30 miles, from Benwood, West Virginia north to Steubenville, Ohio.
- Ackermann Works at Wheeling, which produced pressed and drawn steel stampings used in the automotive and appliance industries.
- Beech Bottom Works at Beech Bottom, West Virginia, which consisted of sheet mills for producing hot rolled electrical sheets used by electrical equipment manufacturers. It also had facilities for coating long terne sheets produced by the Yorkville Works.
- Benwood Works at Benwood, West Virginia, which consisted of two pipe mills with slabs supplied from Steubenville Works.
- LaBelle Works at Wheeling, which manufactured cut nails.
- Martins Ferry Works at Martins Ferry, Ohio, which produced galvanized sheets, galvanized roofing and accessories, corrugated culverts, and hand-dipped items. It featured two continuous galvanizing lines where coils of steel strips were processed, galvanized, and treated. It was sold under the SofTite brand. A second galvanizing line went into operation in November 1953 at a cost of $3 million.
- Steubenville Works, which consisted of three integrated operations:
- Steubenville North at Steubenville, Ohio, which featured two blast furnaces, 11 open hearth furnaces, blooming mill, hot strip mill, pickle line, and cold reduction mills. It produced hot rolled sheets and plates and cold rolled sheets and coils.
- Steubenville South at Mingo Junction, Ohio, which consisted of three blast furnaces, two Bessemer converters, blooming mill, rolling mill, continuous caster, slab yard, and auxiliary equipment. It supplied hot metal for the open hearth furnaces at Steubenville North and Bessemer slabs for Benwood Works.
- Steubenville East in Follansbee, West Virginia, which featured 314 coking ovens for Steubenville North and South.
- Steelcrete Works, adjacent to Beech Bottom Works, manufactured expanded metal, metal lath, and accessories. It also produced Steelcrete bank vaults, reinforced mesh for buildings, stair treads, partitions, and miscellaneous items.
- Wheeling Works at Wheeling, which fabricated containers, stove pipe and furnace pipe, electric and gas dryers, roofing accessories, floor and roof decking, gasoline tanks for automobiles, and miscellaneous automobile parts.
- Yorkville Works at Yorkville, Ohio, which consisted of the first cold reduced black plate for tinning. The first tandem mill of its kind was installed in 1928. The facility produced electrolytic and hot-dipped tinplate, black plate, and terneplate. It also had a metal decorating plant for coating and lithographing tin, terne, and black plate, and two electrolytic tin plate lines that produced tin plate at up to 1,000 feet per minute.
Wheeling Steel was acquired by Pittsburgh Steel to form the Wheeling-Pittsburgh Steel Corporation in December 1968. The merger added:
- Allenport Works, a sheet steel plant in Allenport, Pennsylvania.
- Monessen Works, a steel mill in Monessen, Pennsylvania.
History
Wheeling Steel Corporation was organized on June 21, 1920 as a successor to three prior steel companies.
The company was slow to modernize its high-cost facilities and overcome downturns in the steelmaking industry in the 1980’s. A late attempt to use a pig-iron blast furnace and electric arc furnace in tandem failed when the electric arc furnace did not achieve its designed capacity.
Esmark engaged in a proxy takeover for Wheeling-Pittsburgh in 2005 and took over the company in November 2007. Severstal acquired Esmark’s Wheeling-Pittsburgh holdings in August 2008 for $1.25 billion, which was then acquired by RG Steel in 2011. In 2012, RG Steel declared bankruptcy and initiated layoffs. The company sent notices to all 4000 RG Steel employees that they may be laid off, with layoffs beginning on June 4, 2012.
Liquidation of RG Steel
As part of the Chapter 11 bankruptcy liquidation of RG Steel, the Yorkville, Ohio plant was sold back to Esmark, the Martins Ferry, Ohio plant was sold to a local businessman, and the Steubenville, Ohio plant was sold to the metal recycler Herman Strauss. The mill was purchased by Acero Junction, based in India, which refurbished the rolling mill in Mingo Junction and announced plans of restarting the electric arc furnace (EAF) and continuous caster.
Further reading
- Wheeling Steel's Benwood Works at Abandoned
References
- https://news.google.com/newspapers?nid=2519&dat=19860823&id=IKpdAAAAIBAJ&sjid=r10NAAAAIBAJ&pg=2384,3636533
- "Wheeling Steel Corp. is Major Producer". Wheeling News-Register. 15 January 1956.
- OLSON, THOMAS (May 31, 2012). "RG Steel files for Chapter 11 bankruptcy protection". Pittsburgh Tribune-Review.
- "Severstal selling Wheeling-Pitt mills and other assets". Pittsburgh Post-Gazette. March 3, 2011.
- "RG Steel to close Warren plant, laying off 1,000 employees". WFMJ-TV. May 30, 2012.
- "RG Steel files Ch 11; cites steel market deterioration". Reuters. May 31, 2012.
- Santo, Jamie (June 4, 2012). "RG Steel Secures $15M Stalking Horse Bid For Ohio Plant". Law360.