Wheeling-Pittsburgh Steel
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Wheeling-Pittsburgh Steel Corporation | |
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Type | Public (NASDAQ: WPSC) |
Founded | 1920 |
Headquarters | Wheeling, West Virginia |
Key people | James G. Bradley, Chariman and CEO |
Industry | Metals |
Products | raw steel galvanized steel substrate steel coils bridge building sheet metal tin coke |
Revenue | ▼$1.56 billion USD |
Employees | 3,300 |
Website | www.wpsc.com |
Wheeling-Pittsburgh Steel is a steel manufacturer based in Wheeling, West Virginia, which is located at the edge of the Pittsburgh metropolitan area. In December 1968, Pittsburgh Steel Company was merged into Wheeling Steel Corporation to form the current company.
The company has six major manufacturing centers in Ohio, West Virginia and Pennsylvania. Due the downfall of the American steel industry, Wheeling-Pittsburgh is a shell of its former self. While Pittsburgh-based U.S. Steel has kept itself profitable by diversifying and moving the majority of its manufacturing plants to the South or overseas (but keeping headquarters and a few plants in Pittsburgh), Wheeling-Pittsburgh has kept all of its main operations in the former Steel Belt. This has led the company to post losses for many years, including in 2000, when they filed for bankruptcy protection.
While the company operates only a limited number of plants, the corporation is able to turn out a high number of products due to efficiency. Each of Wheeling-Pittsburgh's six plants turns out a different type of product. Raw steel, which can be manufactured in a variety of thicknesses, and may be rolled or coiled, is created in Steubenville, Ohio. In Yorkville, Ohio, the company produces tin products, specifically coatings. Galvanized steel, marketed under the SofTite name, is produced at a Martins Ferry, Ohio plant. Located near the main headquarters in Wheeling is a plant that specializes in steel for bridge and highway construction. Sheet steel is produced in an Allenport, Pennsylvania plant, while the company gathers the coke that is required for steel production at a Follansbee, West Virginia plant.
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