National Steel Corporation

National Steel Corporation
Item# 3405

National Steel Corporation
Less than two weeks after the great stock-market crash, National Steel Corporation was formed by the merger of three companies (Weirton Steel, Michigan Steel and MA Hanna Steel). Weirton Steel received 50% of National stock and Ernest T. Weir became Chairman and chief executive. Headquarters were located in Pittsburgh, Weir's hometown. The other parent companies, Michigan Steel and M. A. Hanna, got 25% each of National.

In 2003, the United States Steel Corporation purchased a great number of the assets of the National Steel Corporation which had filed for bankruptcy in 2002. These assets included Great Lakes Steel, in Ecorse and River Rouge, Michigan; Granite City Steel in Granite City, Illinois; the Midwest finishing facility in Portage, Indiana; ProCoil Corporation in Canton, Michigan; National Steel Pellet Company in Keewatin, Minnesota; and various other subsidiaries and joint-venture interests, including a 50 percent equity interest in Double G Coatings, in Jackson, Mississippi.

Certificate: First Mortgage Bond, issued in the 1970s

Printer: Security-Columbian Bank Note Company

Dimensions: 8 (h) x 12 (w)

State: MI-Michigan | OH-Ohio

Subject Matter: Steel Companies

Vignette Topic(s): Eagle Featured

Condition: Vertical fold lines, punch hole and stamp cancels in the signature areas and body, and some toning and edge faults from age.

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