Bethlehem Steel Corporation
Corporate Profile
Bethlehem Steel Corporation, headquartered in Bethlehem, Pennsylvania, is the nation's second largest integrated steel producer with revenues of about $3.5 billion and shipments of 7.5 million tons of steel products in 2002.
Founded in 1904 by Charles M. Schwab, Bethlehem Steel Corporation traces its origins back to a small company, the Saucona Iron Company, which was established in 1857 in Bethlehem, Pennsylvania. Later renamed the Bethlehem Iron Company, this single plant became the nucleus around which the modern Bethlehem Steel Corporation was formed.
Bethlehem Steel employs about 11,000 and produces a wide variety of steel mill products including hot-rolled, cold-rolled and coated sheets, tin mill products, carbon and alloy plates, rail, specialty blooms, carbon and alloy bars. Its principal markets include automotive, construction, machinery and equipment, appliance, containers, service centers, and rail.
Bethlehem Steel's principal operations include the Burns Harbor Division, located 40 miles southeast of Chicago on the shores of Lake Michigan in Burns Harbor, Indiana; The Sparrows Point Division located on the Chesapeake Bay near Baltimore, Maryland; and Pennsylvania Steel Technologies located in Steelton, Pennsylvania, just south of Harrisburg. The Sparrows Point Division also operates steelmaking and plate operations in Coatesville and Conshohocken, Pennsylvania. Burns Harbor's operations include a galvanizing mill in Lackawanna, New York, located just south of Buffalo. Bethlehem also has iron ore, lake shipping and trucking operations and operates eight shortline railroads.
