International_Steel_Group

International Steel Group

International Steel Group

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International Steel Group (ISG) was an American steel company, headquartered in Cleveland, Ohio,[1] which was established by the New York investment firm WL Ross & Co LLC to acquire the assets of bankrupt steel companies and combine them together in a new company.

Quick Facts Industry, Predecessor ...

In 2004, it was ranked #426 on the Fortune 500 list.[1]

History

International Steel Group was created in 2002, after the turn-around investment fund WL Ross & Co. LLC, purchased the LTV Steel (Ling-Temco-Vought) and Acme Steel corporations.[1]

The next year, it acquired what was left of the remaining assets of the dissolved Bethlehem Steel, formerly America's second-largest steel producer, without merging.

In 2005, ISG was acquired by Mittal Steel, which merged with Arcelor to become ArcelorMittal in 2006.

The Luxembourg based ArcelorMittal is an integrated steel and mining multinational corporation, and is the world's largest steel producer as of 2014.[2][3]

Timeline

See also

References

  1. [1]
    International Steel Group website
  2. [2]
    ArcelorMittal S.A.
  3. [3]
    "Top steel-producing companies 2012". World Steel Association. Archived from the original on 2013-11-05. Retrieved 2013-11-10.


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