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Seven Independent Steel Firms Plan Merger in New York
A proposed consolidation comprising seven or more independent steel producers aims to form a large system excluding Bethlehem Steel. The plan includes Bidvale Steel and Ordnance, Republic Iron and Steel, Lackawanna, Youngstown Sheet and Tube, Toledo Iron and Steel, The Blen Steel, and United Steel and Wedge, with capitalization around 500 million dollars.
MENTIONED IN THIS ARTICLE
New York
Bethlehem Steel Corporation
Tones-Laughtin Company
Bidvale Steel and Ordance Company
Republic Trot and Steel Company
Lackawanna Steel Company
Youngstown Sheet and Tube Company
Tueland Stetl Company
Brier Tan Si¢el Company
Steel and ‘Ude Company of America