Stelco
Lua error in package.lua at line 80: module 'strict' not found.
| File:US Steel Canada logo.png | |
| subsidiary | |
| Industry | Steel milling |
| Founded | 1910 as Steel Company of Canada (Stelco) |
| Founder | Charles S. Wilcox |
| Headquarters | Hamilton, Ontario, Nanticoke, Ontario |
|
Area served
|
Worldwide |
|
Key people
|
Mike McQuade, President - US Steel Canada |
| Products | Hot-rolled steel cold-rolled steel galvanized steel sheet special bar quality green steel ore mining |
|
Number of employees
|
2,000 |
| Website | US Steel Canada |
US Steel Canada (formerly Stelco) is a steel company based in Hamilton, Ontario, Canada. Stelco was founded in 1910 from several smaller firms. It continued on for almost 100 years, until it filed for bankruptcy in 2007 and was bought by U.S. Steel. The Hamilton plant has not produced steel since 2011, but its coke ovens and cold rolling finishing works remain in operation.
History
Several existing smaller steelworks combined and were incorporated as the Steel Company of Canada in 1910.[1] Charles S. Wilcox was the first president of Iron and Steel Company of Canada, (later called simply Stelco), which was formed from five companies:
- Canada Screw Company – 1864 Dundas, Ontario
- Hamilton Steel and Iron Company – 1861 Hamilton, Ontario
- Montreal Rolling Mills – 1790s Montreal, Quebec
- Dominion Wire Manufacturing Company – Lachine, Quebec
- Canada Bolt and Nut Company – Swansea, Ontario
Hamilton Steel and Iron Company and The Canada Screw Company were founded before 1867 and Montreal Rolling Mills predates to the 1790s by businessman John Bigelow, succeeded by Alured Bigelow, later becoming Pillow & Hersey.[citation needed] During this time horses were used onsite and there was a blacksmith shop that was open until about 2004.
Canada Screw Company was founded in 1864 in Dundas, Ontario by J. P. Billington and T. Forsyth and later moved to Hamilton.
Several union drives at the plant were unsuccessful, until the founding strike of Local 1005 of the United Steelworkers of America in 1946.
In 2004, Stelco had financial difficulties and went under court-ordered protection from its creditors, including the Deutsche Bank. Stelco exited CCAA protection on March 31, 2006. It has divested itself of several non-core operations, including Stelwire, Norambar (formerly Stelco McMaster Works) and Welland Pipe. The CCAA exit has seen the remaining operations restructured into 9 separate operating businesses, held by the corporate entity of Stelco.
On August 27, 2007, US Steel purchased Stelco for $1.9 billion – $1.1 billion in cash, and assuming $800 million in debt. The company has since been renamed Hamilton Works – US Steel Canada. The deal closed effective October 31, 2007. The company was renamed U. S. Steel Canada Inc. and its shares were delisted from the Toronto Stock Exchange.
In an effort to streamline operations, U.S. Steel announced on March 3, 2009 that it would be temporarily shutting down its Hamilton plant and most of its Lake Erie plant putting more than 2,000 people out of work. This announcement came 4 months after U.S. Steel laid off 700 employees at the Hamilton plant when it shut down its blast furnace.[2]
Market conditions and declining customer orders prompted US Steel to shut down the Hamilton Works on October 1, 2010.[3] 100 jobs were restored when the German Max Aicher steel company bought two steel mills from US Steel, and opened them as "Max Aicher North America".[4] More jobs are expected to be created when the mills are in full production.[4] The Hamilton steel-making and iron-making operations were permanently closed on December 31, 2013.[5]
On September 16, 2014 US Steel Canada has announced that it would apply for court protection from its creditors.[6] US Steel then stated that it intended to sell all of its remaining operations in Hamilton in the next two months.[7]
Environmental Impact
Many of its main buildings in the north end of Hamilton are built on reclaimed or infilled land, which harmed the drainage of Hamilton and the water ecology of Hamilton Harbour.
Operations
In addition to the main Hilton Works, named after the late company president Hugh Hilton, and the Lake Erie Works in Nanticoke on Lake Erie, until the 2006 restructuring Stelco's operations also included Stelco McMaster Works in Contrecœur, Quebec, and Stelwire (both acquired by ArcelorMittal in 2006). The Nanticoke plant was notable because it is of a relatively modern design, and uses far less water. US Steel Canada currently operates the facilities in Nanticoke and Hamilton.
Stelco Tower, associated with Lloyd D. Jackson Square in downtown Hamilton, has been an office building for the company and others since the 1970s, but has now been completely vacated by Stelco and renamed to 100 King St. West.
References
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ 4.0 4.1 German buyer firing up two shuttered U.S. Steel mills - TheSpec.com
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ [1]
- ↑ [2]
External links
- Stelco
- Stelco History (1910–2000)
- Hamilton Steel
- Photos from the Stelco Steel mill
- Lake Erie Steel
- Hamilton Coke
- Lake Erie Coke
- Hamilton Energy
- Lake Erie Energy
- Hamilton Land
- Lake Erie Land
- HLE Mining
- - Bud Johnston Library
- Stelco timeline to takeover
- Pages with broken file links
- Pages using infobox company with unsupported parameters
- Articles with unsourced statements from July 2012
- Steel companies of Canada
- Companies established in 1910
- Companies based in Hamilton, Ontario
- Canadian subsidiaries of foreign companies
- Companies that have filed for bankruptcy in Canada
