My family worked in the pits and the plant. I was one of the first to go off and get a university education and I was at least proud to be able to come home and use that education to help clean up the plant site and the ponds. In someway I hope I have back to Cape Breton what it gave me.
The last order of Steel Produced at the Sydney Steel plant was for Birmingham Steel Corporation's American Steel and Wire Plant in Cleveland. It was the test order for a contract of up to 600,000 tons per year. At that time they had 80,000 tons of head hardened rail in the warehouse 25,000 tons of scrap at least and 35 milllion in Cash in the Companies Bank account. I arranged the test through John Correnti the CEO of Birmingham who agreed to work with me to privatize the Plant. I was called to have a meeting with the Senitor from Sydney and thats where the trouble started he dmanded I take the Company Public and issue stock opinions to him. I had financing arranged already as a private company and asked if there was not something else we could do as the truth is I had committment for hundreds of milllions in financing already and wanted to close right away. I also had funding approved to take over the Coal Company at the same time.Which they also closed for no good reason. 7 milllion tons a year coal capacity but not being operated. Same with the Steel Plant the furnace was the same one John Correnti had installed at Nuror that produces 1.2 milllion tons per year.
I remember seeing, from my bedroom window, the orange glow in the sky at night when the slag was dumped into Sydney harbour. The hot slag exploded when it hit the water, sending the orange glow and smoke into the dark sky.
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Great watch, it was great to learn a little about the history of the sydney steel industry
Fantastic.
My family worked in the pits and the plant. I was one of the first to go off and get a university education and I was at least proud to be able to come home and use that education to help clean up the plant site and the ponds. In someway I hope I have back to Cape Breton what it gave me.
Orange smoke
The last order of Steel Produced at the Sydney Steel plant was for Birmingham Steel Corporation's American Steel and Wire Plant in Cleveland. It was the test order for a contract of up to 600,000 tons per year.
At that time they had 80,000 tons of head hardened rail in the warehouse 25,000 tons of scrap at least and 35 milllion in Cash in the Companies Bank account.
I arranged the test through John Correnti the CEO of Birmingham who agreed to work with me to privatize the Plant.
I was called to have a meeting with the Senitor from Sydney and thats where the trouble started he dmanded I take the Company Public and issue stock opinions to him.
I had financing arranged already as a private company and asked if there was not something else we could do as the truth is I had committment for hundreds of milllions in financing already and wanted to close right away.
I also had funding approved to take over the Coal Company at the same time.Which they also closed for no good reason. 7 milllion tons a year coal capacity but not being operated.
Same with the Steel Plant the furnace was the same one John Correnti had installed at Nuror that produces 1.2 milllion tons per year.
I remember seeing, from my bedroom window, the orange glow in the sky at night when the slag was dumped into Sydney harbour. The hot slag exploded when it hit the water, sending the orange glow and smoke into the dark sky.