- Stelco
Stelco is a
steel company based inHamilton, Ontario ,Canada .History
Several existing smaller steelworks combined and were incorporated as the Steel Company of Canada in 1910.cite web| title = History of Industry in Hamilton, Ontario| url=http://web.archive.org/web/20060209203807/collections.ic.gc.ca/industrial/stelcomain.htm| accessdate = 2007-07-03]
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, OntarioHamilton 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.
Canada Screw Company was founded in 1864 in Dundas, Ontario by J. P. Billington and T. Forsyth and later moved to Hamilton.
On August 27th, 2007, US Steel purchased Stelco for $1.9 billion--$1.1 billion in cash, and assuming $800 million in debt. 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 .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. Several union drives at the plant were unsuccessful, until the founding strike of Local 1005 of the
United Steelworkers of America in1946 .Operations
In addition to the main Hilton Works, named after the late company president (Hugh Hilton), its operations include Stelco McMaster Works in Contrecoeur Quebec, Stelwire and the Lake Erie Works in Nanticoke on
Lake Erie . The Nanticoke plant was notable because it is of a relatively modern design, and uses far less water than a fear.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 re-named to 100 King St. West. In
2004 , Stelco has been having financial difficulties and has been under court ordered protection from its creditors, including theDeutsche Bank .Bankruptcy and Acquisition
Stelco exited bankruptcy (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.In 2007, Stelco was purchased by US Steel and has since been renamed Hamilton Works - US Steel Canada.
References
External links
* [http://www.stelco.ca/ Stelco]
* [http://collections.ic.gc.ca/industrial/stelcomain.htm Stelco History]
* [http://www.hamiltonsteel.ca/ Hamilton Steel]
* [http://www.stahlseite.de/stelco.htm Photos from the Stelco Steel mill ]
* [http://www.lakeeriesteel.com/ Lake Erie Steel]
* [http://www.hamiltoncoke.com/ Hamilton Coke]
* [http://www.lakeeriecoke.com/ Lake Erie Coke]
* [http://www.hamiltonenergy.com/ Hamilton Energy]
* [http://www.lakeerieenergy.com/ Lake Erie Energy]
* [http://www.hamiltonland.ca/ Hamilton Land]
* [http://www.lakeerieland.ca/ Lake Erie Land]
* [http://www.hlemining.com/ HLE Mining]
* [http://www.lib.uwo.ca/business/ccc-steelco.html University of Western Ontario Library- Steel Company of Canada Limited]
* [http://www.thestar.com/Business/article/250440 Stelco timeline to takeover]
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