Company History: Geneva Steel was a steel mill located in Vineyard, Utah, United States, founded during World War II to enhance national steel output. It operated from December 1944 to November 2001
The Geneva Steel mill was constructed with federal funds from November 1941 to December 1944 by Columbia Steel Company and United States Steel Corporation (U.S. Steel). Vineyard, Utah, was chosen as the location for the new plant because iron ore, coal, limestone, and other resources necessary for primary steel making are located in nearby areas of Utah; and because Utah Valley is far inland, away from possible Japanese attack on the West Coast.
Geneva Steel operated as a US government facility until June 1946, when it was sold for $47.5 million to U.S. Steel.
Source: www.wikipedia.com
Successor/Parent History: United States Steel Corporation (NYSE: X), more commonly known as U.S. Steel, is an American integrated steel producer headquartered in Pittsburgh, Pennsylvania, with production operations in the United States, Canada, and Central Europe. As of 2016, the company was the world's 24th largest steel producer and second largest domestic producer, trailing only Nucor Corporation.
Though renamed USX Corporation in 1986, the company returned to its present name in 2001 after spinning off its energy business, including Marathon Oil, and other assets from its core steel concern. The company experienced significant downsizing during the 1980s; a decline in market capitalization resulted in its removal from the S&P 500 Index in 2014.
From Wikipedia
Though renamed USX Corporation in 1986, the company returned to its present name in 2001 after spinning off its energy business, including Marathon Oil, and other assets from its core steel concern. The company experienced significant downsizing during the 1980s; a decline in market capitalization resulted in its removal from the S&P 500 Index in 2014.
From Wikipedia
Brief History: The U.S. is a country of 50 states covering a vast swath of North America, with Alaska in the northwest and Hawaii extending the nation’s presence into the Pacific Ocean. Major Atlantic Coast cities are New York, a global finance and culture center, and capital Washington, DC. Midwestern metropolis Chicago is known for influential architecture and on the west coast, Los Angeles' Hollywood is famed for filmmaking.
Item created by: CNW400 on 2018-11-02 12:14:26. Last edited by CNW400 on 2018-11-02 12:14:46
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