Posted in | News | Ferrous Alloys and Metals | Business | Iron and Steel

International Steel Group to Purchase Assets of Acme Steel

Aug 15 2002

Related Stories

International Steel Group (ISG) have reached an agreement with Acme Steel to purchase several of their assets such as the compact strip minimill for $65 million.

ISG are the recently formed company which not so long ago purchased assets from bankrupt LTV Steel and re-opened these facilities.

The purchase of the Acme facility, pending approval from the US Bankruptcy Courts fits well with ISG’s strategies and provides a good fit with the ramp up of their Hennepin cold rolling and galvanising plant. The acquisition also gives ISG the ability to supply higher carbon steel grades including mid to high carbon and HSLA alloys. Such alloys are used in knives, blades and other cutting devices.

Apart from the good strategic fit, ISG are happy with the purchase as the cost to build a similar state of the art plant is estimated at $350 million.

ISG hope to reopen the facility soon and will work with United Steelworkers of America to employ 250 workers.

For more information on steel manufacture, click here.

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
(Logout)
Your comment type
Submit

Sponsored Content

Editorial Highlights

The Current State of the Global Semiconductor Market

The Current State of the Global Semiconductor Market

The global semiconductor market has entered an exciting period. Demand for chip technology is both driving the industry as well as hindering it, with current chip shortages predicted to last for some time. Current trends will likely shape the future of the industry, which is set to continue to show

How are Graphene Batteries Made?

How are Graphene Batteries Made?

The primary distinction between graphene-based batteries and solid-state batteries lies in the composition of either electrode. Although the cathode is commonly changed, carbon allotropes can also be employed in fabricating anodes.

Newsletters you may be interested in

See all Newsletters »

Terms

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.

Provide Feedback