Inland Steel Company
American steel company / From Wikipedia, the free encyclopedia
Dear Wikiwand AI, let's keep it short by simply answering these key questions:
Can you list the top facts and stats about Inland Steel?
Summarize this article for a 10 year old
41.6684°N 87.4402°W / 41.6684; -87.4402
Industry | Steel Production |
---|---|
Predecessor | Chicago Steel Works |
Founded | 1893; 131 years ago (1893) |
Founder |
|
Defunct | 1998; 26 years ago (1998) |
Fate | Acquired by Ispat International |
Successor | Cleveland-Cliffs (2020–present) ArcelorMittal (2006–2020) Mittal Steel Company (2004–2006) Ispat-Inland (1998–2004) |
Headquarters | , |
The Inland Steel Company was an American steel company active in 1893–1998. Its history as an independent firm thus spanned much of the 20th century. It was headquartered in Chicago at the landmark Inland Steel Building.
Inland Steel was an integrated steel company that reduced iron ore to steel. It specialized in the basic open hearth steelmaking process. This produced a steel that was resistant to extreme temperature, unlike those made from the Bessemer or acid open hearth processes.[1] Its sole steel mill was located in East Chicago, Indiana, on the Indiana Harbor and Ship Canal and a large landfill protruding out into Lake Michigan. The steel mill's shoreline location enabled it to take in steelmaking commodities, such as iron ore, coal, and limestone, by lake freighter. Throughout much of its life, Inland Steel operated its own fleet of bulk carrier vessels.