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'Stelco' (, , ) is a steel company based in Hamilton, Ontario, Canada, as is longtime rival Dofasco.

Contents

History

Environmental Impact

Operations

References

External links

History

Several existing smaller steelworks combined and were incorporated as the Steel Company of Canada in 1910. History of Industry in Hamilton, Ontario 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.
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 is expected to close in late 2007 and is pending approval from both Stelco and US Steel investors. To date 76% of the Stelco stock owners have expressed their approval of the deal.

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 in 1946.

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. 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 the rather uninspiring 100 King St. West. In 2004, Stelco has been having financial difficulties and has been under court ordered protection from its creditors, including the Deutsche Bank.
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.

References

★ Steel Company of Canada Limited

External links

★ Stelco

★ Stelco History

★ 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