National Steel Corporation
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Product Details
CompanyNational Steel Corporation
Certificate Type
First Mortgage Bond
Date Issued
1970's
Canceled
Yes
Printer
Security-Columbian Bank Note Company
Signatures
Machine printed
Approximate Size
12" (w) by 8" (h)
Images
Representative of the piece you will receive
Guaranteed Authentic
Yes
Additional Details
NA
Historical Context
Less than two weeks after the great stock-market crash, National Steel Corporation was formed by the merger of three companies - Weirton Steel, Michigan Steel and MA Hanna Steel. Weirton Steel received 50% of National stock and Ernest T. Weir became Chairman and chief executive. Headquarters were located in Pittsburgh, Weir's hometown. The other parent companies, Michigan Steel and M. A. Hanna, got 25% each of National.
In 2003, the United States Steel Corporation purchased a great number of the assets of the National Steel Corporation which had filed for bankruptcy in 2002. These assets included Great Lakes Steel, in Ecorse and River Rouge, Michigan; Granite City Steel in Granite City, Illinois; the Midwest finishing facility in Portage, Indiana; ProCoil Corporation in Canton, Michigan; National Steel Pellet Company in Keewatin, Minnesota; and various other subsidiaries and joint-venture interests, including a 50 percent equity interest in Double G Coatings, in Jackson, Mississippi.
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Additional Information
Certificates carry no value on any of today's financial indexes and no transfer of ownership is implied. All items offered are collectible in nature only. So, you can frame them, but you can't cash them in!
All of our pieces are original - we do not sell reproductions. If you ever find out that one of our pieces is not authentic, you may return it for a full refund of the purchase price and any associated shipping charges.