International Steel Group (ISG) was an American
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 ty ...
company, headquartered in
Cleveland,
Ohio,
[International Steel Group website]
/ref> which was established by the New York investment firm WL Ross & Co LLC to acquire the assets of bankrupt steel companies and combine them together in a new company.
In 2004 it was ranked #426 on the Fortune 500
The ''Fortune'' 500 is an annual list compiled and published by ''Fortune'' magazine that ranks 500 of the largest United States corporations by total revenue for their respective fiscal years. The list includes publicly held companies, along ...
list.[
]
History
International Steel Group was created in 2002, after the turn-around investment fund WL Ross & Co. LLC, purchased the LTV Steel (Ling-Temco-Vought) and Acme Steel corporations.[
The next year, it acquired what was left of the remaining assets of the dissolved Bethlehem Steel, formerly America's second-largest steel producer, without merging.
In 2005, ISG was acquired by Mittal Steel, which merged with Arcelor to become ArcelorMittal in 2006.
The Luxembourg based ArcelorMittal is an integrated steel and mining multinational corporation, and is the world's largest steel producer .ArcelorMittal S.A.]
/ref>
Timeline
* 2002: ISG purchased the assets of Acme Steel, and the integrated steel assets of LTV
LTV may refer to:
Television
* Lagos Television, a TV channel in Nigeria.
* Latvijas Televīzija, Latvian Television
* LRT televizija,