California Steel Industries
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California Steel Industries
California Steel Industries is a steel processing and finishing company that operates a facility near Fontana, California. The Fontana plant was built in 1942 by Kaiser Steel, which operated it until December 1983, when it was shuttered as part of the general termination of Kaiser's steel business. The site and plant were briefly owned by an investor group that purchased much of Kaiser's assets before they were sold to a Kaiser creditor, Brazilian firm Companhia Vale do Rio Doce (now Vale), which created California Steel as a joint venture with Kawasaki Steel (now JFE Holdings). California Steel paid about $120 million for the facility, and Vale do Rio Doce forgave its debt to Kaiser as part of the transaction. California Steel reopened part of the Fontana plant to process imported steel slabs into finished products such as rolled steel, while the manufacturing equipment for producing raw steel remained idle. At its founding, California Steel operated on about 400 acres of the Fon ...
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Privately Held Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ...
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Steelmaking
Steelmaking is the process of producing steel from iron ore and carbon/or scrap. In steelmaking, impurities such as nitrogen, silicon, phosphorus, sulfur and excess carbon (the most important impurity) are removed from the sourced iron, and alloying elements such as manganese, nickel, chromium, carbon and vanadium are added to produce different grades of steel. Limiting dissolved gases such as nitrogen and oxygen and entrained impurities (termed "inclusions") in the steel is also important to ensure the quality of the products cast from the liquid steel. Steelmaking has existed for millennia, but it was not commercialized on a massive scale until the mid-19th century. An ancient process of steelmaking was the crucible process. In the 1850s and 1860s, the Bessemer process and the Siemens-Martin process turned steelmaking into a heavy industry. Today there are two major commercial processes for making steel, namely basic oxygen steelmaking, which has liquid pig-iron from the ...
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San Bernardino County, California
San Bernardino County (), officially the County of San Bernardino, is a County (United States), county located in the Southern California, southern portion of the U.S. state of California, and is located within the Inland Empire area. As of the 2020 United States Census, 2020 U.S. Census, the population was 2,181,654, making it the fifth-most populous county in California and the List of the most populous counties in the United States, 14th-most populous in the United States. The county seat is San Bernardino, California, San Bernardino. While included within the Greater Los Angeles area, San Bernardino County is included in the Riverside, California, Riverside–San Bernardino, California, San Bernardino–Ontario, California, Ontario metropolitan statistical area, as well as the Los Angeles–Long Beach, California, Long Beach Greater Los Angeles Area, combined statistical area. With an area of , San Bernardino County is the List of the largest counties in the United States by ...
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Fontana, California
Fontana is a city in San Bernardino County, California. Founded by Azariel Blanchard Miller in 1913, it remained essentially rural until World War II, when entrepreneur Henry J. Kaiser built a large steel mill in the area. It is now a regional hub of the trucking industry, with the east–west Interstate 10 and State Route 210 crossing the city and Interstate 15 passing diagonally through its northwestern quadrant. The city is about 46 miles east of Los Angeles. It is home to a renovated historic theater, a municipal park, and the Auto Club Speedway, which is on the site of the old Kaiser Steel Mill just outside the city. Fontana also hosts the Fontana Days Half Marathon and 5K run. This race is the fastest half-marathon course in the world.Fontana Days Run
Fontana.org. Retrieved January 13, 2015.
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Nucor
Nucor Corporation is an American producer of steel and related products based in Charlotte, North Carolina. It is the largest steel producer in the United States, the largest "mini-mill" steelmaker (i.e. it uses electric arc furnaces to melt scrap steel as opposed to blast furnaces to melt iron), and the biggest recycler of scrap in North America. , Nucor was the 14th-largest steel producer in the world. Current operations Nucor operates 23 scrap-based steel production mills. In 2019, the company produced and sold approximately 18.6 million tons of steel and recycled 17.8 million tons of scrap. Nucor produces steel bars (carbon and alloy steel), beams, sheets/ flat rolled steel, plates, steel joists, joist girders, steel decks, fabricated concrete reinforcing steel, cold finished steel, steel fasteners, metal building systems, light gauge steel framing, steel grating, expanded metal, and wire mesh. In addition to steel, Nucor also brokers ferrous and nonferrous metals such a ...
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JFE Holdings
is a corporation headquartered in Tokyo, Japan. It was formed in 2002 by the merger of and and owns JFE Steel, JFE Engineering and Japan Marine United. JFE is from Japan, Fe (the chemical element symbol of iron) and Engineering. In 2020, it is ranked 365th in Fortune Global 500 List. Mergers and Spinoffs At the time JFE Holdings was created in 2002, NKK Corporation was Japan's second largest steelmaker and Kawasaki Steel was the third largest steelmaker. Both companies were major military vessel manufacturers during World War II. JFE's main business is steel production. It also engages in engineering, ship building, real-estate redevelopment, and LSi business. The company also operates several overseas subsidiaries, including California Steel Industries in the United States, Fujian Sino-Japan Metal in China, and Minas da Serra Geral in Brazil. Other than steel, they are also known for products such as the bicycle tree. JFE Holdings owns JFE Steel, the fifth largest steel ...
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Steel
Steel is an alloy made up of iron with added carbon to improve its strength and fracture resistance compared to other forms of iron. Many other elements may be present or added. Stainless steels that are corrosion- and oxidation-resistant typically need an additional 11% chromium. Because of its high tensile strength and low cost, steel is used in buildings, infrastructure, tools, ships, trains, cars, machines, electrical appliances, weapons, and rockets. Iron is the base metal of steel. Depending on the temperature, it can take two crystalline forms (allotropic forms): body-centred cubic and face-centred cubic. The interaction of the allotropes of iron with the alloying elements, primarily carbon, gives steel and cast iron their range of unique properties. In pure iron, the crystal structure has relatively little resistance to the iron atoms slipping past one another, and so pure iron is quite ductile, or soft and easily formed. In steel, small amounts of carbon, other ...
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Kaiser Ventures
Kaiser Steel was a steel mill near Fontana, California, founded by Henry J. Kaiser on December 1, 1941. The plant's first blast furnace, "Bess No. 1" (named after Kaiser's wife) was fired up on December 30, 1942, and the first steel plate was produced in August 1943 for the Pacific Coast shipbuilding industry amid World War II. The facility was fully integrated, taking ore and producing steel at a single site, the only such steel plant on the West Coast. The Fontana facility produced about 75 million tons of steel over its history. The mill was part of Kaiser's vertically-integrated business: iron ore was supplied by Kaiser's mine in Eagle Mountain, California using Kaiser's Eagle Mountain Railroad, coal was supplied by Kaiser's mines in New Mexico and Utah and limestone was from a Kaiser mine in Cushenbury, California, the steel produced was used by the Kaiser Shipyards and other Kaiser owned businesses (among other customers), and the Kaiser Permanente health maintenance or ...
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Vale (mining Company)
Vale S.A., formerly ''Companhia Vale do Rio Doce'' (the Sweet River Valley Company, referring to the Doce River) () is a Brazilian multinational corporation engaged in metals and mining and one of the largest logistics operators in Brazil. Vale is the largest producer of iron ore and nickel in the world. It also produces manganese, ferroalloys, copper, bauxite, potash, kaolin, and cobalt, currently operating nine hydroelectricity plants, and a large network of railroads, ships, and ports used to transport its products. The company has had two catastrophic tailings dam failures in Brazil: Mariana, in 2015, and Brumadinho, in 2019; the Brumadinho dam disaster caused the company to lose its license to operate eight tailings dams in Minas Gerais, and its stock to lose nearly 25 percent in value.
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Shougang
Shougang Group Co., Ltd., formerly Shougang Corporation is a Chinese state-owned steel company. Based in Beijing, its the Shijingshan district operations were moved out of the city prior to the Olympics due to concerns over pollution. Its subsidiary and listed company, Beijing Shougang Co., Ltd. (), was established in 1999 and listed on the Shenzhen Stock Exchange in 2005. It also has 3 other subsidiaries listed on the Stock Exchange of China Hong Kong, Shougang Concord International (), Shougang Concord Century (), and Shougang Concord Grand () . The word "Shougang" () is an abbreviation of its Chinese name (), meaning "Capital Steel". Some publication also use Capital Iron and Steel Corporation as the transliteration. History The predecessor of Shougang, Shijingshan Steel Plant, was founded in 1919 in Shijingshan District, with accelerated growth since the founding of People's Republic of China in 1949. Shougang focuses its business mainly on steel industry, the corporatio ...
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Great Recession
The Great Recession was a period of marked general decline, i.e. a recession, observed in national economies globally that occurred from late 2007 into 2009. The scale and timing of the recession varied from country to country (see map). At the time, the International Monetary Fund (IMF) concluded that it was the most severe economic and financial meltdown since the Great Depression. One result was a serious disruption of normal international relations. The causes of the Great Recession include a combination of vulnerabilities that developed in the financial system, along with a series of triggering events that began with the bursting of the United States housing bubble in 2005–2012. When housing prices fell and homeowners began to abandon their mortgages, the value of mortgage-backed securities held by investment banks declined in 2007–2008, causing several to collapse or be bailed out in September 2008. This 2007–2008 phase was called the subprime mortgage crisis. ...
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Manufacturing Companies Based In California
Manufacturing is the creation or production of goods with the help of equipment, labor, machines, tools, and chemical or biological processing or formulation. It is the essence of secondary sector of the economy. The term may refer to a range of human activity, from handicraft to high-tech, but it is most commonly applied to industrial design, in which raw materials from the primary sector are transformed into finished goods on a large scale. Such goods may be sold to other manufacturers for the production of other more complex products (such as aircraft, household appliances, furniture, sports equipment or automobiles), or distributed via the tertiary industry to end users and consumers (usually through wholesalers, who in turn sell to retailers, who then sell them to individual customers). Manufacturing engineering is the field of engineering that designs and optimizes the manufacturing process, or the steps through which raw materials are transformed into a final product. ...
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