Word: weirton
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Michigan Steel produces sheet steel, sells it to makers of automobile bodies, railway cars, refrigerators, stoves. Last year it earned $1,652,000, will not do so well this year. National Steel was formed in November 1929, to acquire Weirton Steel Co., Great Lakes Steel and stockholdings of M(arcus) A(lonzo) Hanna & Co. in certain of its subsidiaries. It ranks as the sixth biggest steel company in production, is surpassed only by U. S. Steel and Bethlehem in the extent of its ore reserves. It has girded itself for future growth, spending $7,000,000 on improving Weirton Steel...
Elected. Ernest Tener Weir, president of Weirton (W. Va.) Steel Co.; to be board chairman of National Steel Co., a combination of Weirton Steel Co., Great Lakes Steel Corp. and subsidiaries of M. A. Hanna Co. of Cleveland...
Steel. Long known to be "friendly," Weirton Steel Co. of Weirton, West Va., M. A. Hanna Co., of Cleveland and Great Lakes Steel Corp. of Detroit last week merged through the formation of a holding company. Of the new company's $150,000,000 assets, outstanding will be Great Lakes Steel Co.'s new $20,000,000 80-acre plant now under construction in Detroit. Hot metal for the plant will come from nearby M. A. Hanna blast furnaces...