Birmingham Steel Corporation
- Birmingham Steel Corporation
Birmingham Steel Corporation was a steel producer in the United States, which made steel mechant and rebar products. The company was formed in 1983 by AEA Investors, Inc. and managed by CEO James Todd. It bought steel mini-mills in Kankakee, Illinois and the mills previously run by Todd at Birmingham Bolt. They then bought the Jackson, Mississippi based Mississippi Steel Division of Magna Corp. The company went public on NYSE in 1985.
In June 2002, after several consecutive quarters of losses, the company filed for Chapter 11 bankruptcy protection. [cite news| url=http://query.nytimes.com/gst/fullpage.html?res=9903E4D6103AF937A35755C0A9649C8B63| title=COMPANY NEWS; BIRMINGHAM STEEL FILES FOR CHAPTER 11 PROTECTION|date=June 4, 2002|work=The New York Times|accessdate=2008-09-14] Its remaining steel mills and other assets were purchased by Nucor in December 2002 for approximately $615,000,000. [cite news|url=http://www.djc.com/news/bu/11140011.html|title=DJC.COM: Nucor purchase includes Seattle site|date=December 10, 2002|work=Seattle Daily Journal of Commerce|accessdate=2008-09-13] [cite news|url=http://www.accessmylibrary.com/coms2/summary_0286-9940487_ITM|title=Nucor Acquires Birmingham Steel Assets|date=09 DEC 2002|work=Nucor Corporation. Press release distributed via PR Newswire|accessdate=2008-09-13]
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