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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Apr 13, 1999
Page
1
USX owns U S Steel. U S Steel and Kobe Steel of Japan started a partnership in Lorain in 1989 to form USS Kobe Steel. The plant mills tubular steel for oil and gas drilling and high strength steel bar for safety critical auto parts.
Analysts say Lorain will take the lightest hit if USS Kobe Steel and Blackstone Group merge bar steel operations. USS Kobe tentatively combines assets with Republic Technologies International Inc Republic Engineered Steels Inc and Bar Technologies Inc to form a joint venture with Blackstone owning 70 percent. The plan affects mills in Canton Johnstown Pa and Lackawanna N Y with 2 000 Lorain bar steel jobs at risk though 600 Lorain seamless steel workers likely stay. Bar Technologies faces heavy losses and debt, underscoring industry oversupply and restructuring pressures.
Boston outscored Cleveland 103 89 in a hard fought NBA game as MASSEY HOME profile notes Elyria’s early businessman Connie Davis and his lasting influence through A&.
In Little Rock Arkansas President Clinton is found in contempt of court by a federal judge. The report notes the court action and potential consequences, outlining the clash between the administration and the judiciary.
Lorain County faces uncertain impact from USS/Kobe Steel merger with Blackstone Group owner Republic Technologies. Rumors swirl as steel sector sinks and layoffs loom, with company officials and local leaders hedging bets while awaiting details. The move follows past plant closures at Fisher Guide and Ford Lorain Assembly, underscoring persistent job losses.
Union leaders in Canton and in Pennsylvania endorse the merger as beneficial for workers while Lorain, facing a large tax shortfall, weighs how a tax loss would affect schools and city finances amid steel plant history in Lorain.
Belgrade reports NATO airstrikes hit fuel depots and a passenger train, killing at least 10 and wounding 16. Yugoslavia vows to hold allies to account while Parliament backs a Russia Belarus alliance to draw Moscow into the conflict. NATO acknowledges striking a rail bridge near the train.
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