| 1857 - Earliest predecessor company, Saucona Iron Company, is formed
in South Bethlehem, Pa. 1861 - Name of company is changed to Bethlehem
Iron Company.
1863 - Company produces first iron railroad rails.
1873 - Company produces first Bessemer steel railroad rails.
1886 - Facilities are added to produce heavy forgings and armor plate
for the U.S. Navy.
1899 - Bethlehem Steel Company is formed. Eugene G. Grace joins
Bethlehem after graduating from Lehigh University.
1901 - Charles
M. Schwab is instrumental in formation of U.S. Steel Corporation and is named its first
president.
1903 - C.M. Schwab resigns from U.S. Steel.
1904 - C.M. Schwab forms Bethlehem Steel Corporation, becoming
president and chairman of the board.
Facilities include steel plant in South Bethlehem, iron mines in Cuba and shipyards on
East and West Coasts.
1908 - Bethlehem's
new Grey rolling mill begins production of the nation's first wide-flange structural
section, which revolutionizes building construction and makes possible the age of the
skyscraper.
1913 - Bethlehem acquires Fore River Shipbuilding Co. in Quincy,
Mass., and becomes a major shipbuilder. |