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Steel strong

Steel remains a core manufacturing sector for our nation.

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Recent history in the United States

ArcelorMittal's successful consolidation strategy has seen it grow to become the world's largest steel and mining company. Today, the top three U.S. steel producers account for approximately 56 percent of raw steel capacity vs. just 28 percent in 2000.

A look back at key events in our history in the United States over the past 20 years:

1998

ISPAT International acquired Inland Steel Company’s assets including Indiana Harbor Works, Minorca Mine and I/N Tek & I/N Kote (a joint venture with Nippon Steel)

2000
  • Weirton Steel, the world’s largest Employee Stock Ownership Plan, filed for bankruptcy
  • Acme Steel (now ArcelorMittal Riverdale) shut down
  • Ohio-based LTV Steel filed for Chapter 11 bankruptcy in December
2001

Bethlehem Steel filed for bankruptcy in September

2002

Ohio-based International Steel Group (ISG) purchased the assets of Acme Steel and LTV Steel Company including Cleveland, Hennepin and Indiana Harbor West

2003

ISG acquired the Bethlehem Steel Corporation assets, which included Burns Harbor, Coatesville, Conshohocken, Lackawanna, Sparrows Point, Steelton and U.S. Steel’s Gary plate mill

2004

ISG purchased the assets of Weirton Steel and Georgetown Steel

2005

ISG, Ispat Inland and LNM Holdings merged to form Mittal Steel USA

2007

Mittal Steel, the world’s largest steel company based on production volume, completed the merger with Arcelor, the world’s second largest steel producer, creating ArcelorMittal, the world’s largest steel company

2008
  • ArcelorMittal sold Sparrows Point to Severstal to resolve U.S. Department of Justice antitrust concerns and maintain competition in the U.S. tin plate steel market
  • The fourth quarter global economic crisis pushed the world’s steel industry into recession
  • ArcelorMittal announced a 35 percent reduction in production levels worldwide
  • ArcelorMittal USA’s capacity utilization rates were in line with industry levels, which hit a record low of 33.5 percent
2009
  • Production and workforce reductions were announced at ArcelorMittal facilities across the United States
  • ArcelorMittal announced the closure of two U.S. finishing facilities, Lackawanna (New York) and Hennepin (Illinois)
2010

ArcelorMittal experienced a slow and progressive recovery, yet capacity utilization rates continued to hover around U.S. steel industry averages of 70 percent

2011

While cautiously optimistic, ArcelorMittal operated at approximately 75 percent capacity utilization, still below pre-crisis levels

2012
  • While more optimistic about the future, ArcelorMittal continued to operate below pre-crisis levels
  • ArcelorMittal benefited from a market demand increase of eight percent, supported by strength in auto, energy and heavy equipment
2013

After challenging conditions in the first half of 2013, with inventory liquidation among customers affecting apparent consumption, ArcelorMittal USA experienced a strong rebound in the second half of the year, due to improved pricing and a strong automotive market

2014
  • Similar to 2013, 2014 was a tale of two halves for ArcelorMittal USA, experiencing unprecedented winter conditions that negatively impacted the first half of the year, with a strong rebound in the second half
  • ArcelorMittal’s acquisition of AM/NS Calvert was a highlight, expanding our presence into the Southern U.S.
  • The surge of imports resulted in high inventories, impacting domestic order books into 2015 and causing prices to weaken
2015
  • Despite an improving construction market and record-setting year for automotive, much of the increased demand was filled by imports
  • ArcelorMittal implemented a number of cost savings initiatives in the U.S. including: reductions in spending; a revised health care plan for salaried employees; asset optimization planning; and stronger trade enforcement
  • ArcelorMittal also announced the closure of two long carbon facilities – Indiana Harbor Long Carbon in East Chicago, Indiana and a wire rod facility in Georgetown, South Carolina
  • Negotiations with the United Steelworkers began in July 2015 and continued into 2016 in an effort to reach a mutually beneficial agreement for both parties
  • ArcelorMittal unveiled its 10 sustainable development outcomes which guide the company’s contributions to a more sustainable future