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Wheeling-Pittsburgh Steel was a steel manufacturer based in Wheeling, West Virginiamarker, which is located at the edge of the Pittsburghmarker metropolitan area. In December 1968, Pittsburgh Steel Company was merged into Wheeling Steel Corporation to form the Wheeling-Pitt. As of January 1, 2009, Wheeling-Pitt is part of Severstal, a Russianmarker steel manufacturing conglomerate.

The company has six major manufacturing centers in Eastern Ohiomarker, the Northern Panhandle of West Virginiamarker and Western Pennsylvaniamarker. Due to the downfall of the American steel industry, Wheeling-Pittsburgh is a shell of its former self. While Pittsburgh-based U.S. Steel has kept itself profitable by diversifying and moving the majority of its manufacturing plants to the South or overseas (but keeping headquarters and a few plants in Pittsburgh), Wheeling-Pittsburgh has kept all of its main operations in the former Steel Belt. This has led the company to post losses for many years, including in 2000, when they filed for bankruptcy protection.

While the company operates only a limited number of plants, the corporation is able to turn out a high number of products due to efficiency. Each of Wheeling-Pittsburgh's six plants turns out a different type of product. Raw steel, which can be manufactured in a variety of thicknesses, and may be rolled or coiled, is created in Steubenville, Ohiomarker. In Yorkville, Ohiomarker, the company produces tin products, specifically coatings. Galvanized steel, marketed under the SofTite name, is produced at a Martins Ferry, Ohiomarker plant. Located near the main headquarters in Wheeling is a plant that specializes in steel for bridge and highway construction. Sheet steel is produced in an Allenport, Pennsylvania plant, while the company gathers the coke that is required for steel production at a Follansbee, West Virginiamarker plant.

Esmark, Inc. engaged in a successful proxy takeover battle for Wheeling-Pitt in 2005 and formally took over the steelmaker in November 2007.

In August 2008, Severstal acquired Esmark's Wheeling-Pitt steel holdings for $1.25 billion.

Notes

  1. "Russian Steelmaker Completes Esmark Acquisition." Associated Press. August 5, 2008.



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