In 1910, the flamboyant Canadian financier, Max Aitken, skillfully merged several struggling steel firms to form The Steel Company of Canada. His goal: create, a single enterprise to meet Canada's fast-growing need for steel.
Over the years, Stelco has employed 130,000 Canadians, refined 160 million tons of steel and invested $3.5 billion in new facilities. Along the way, Stelco people have set the industry pace in corporate citizenship, technical innovation and environmental quality control. The firm became a virtual "steel supermarket"the widest range of basic and finished steel products on the continent. Its growth and success can be traced to the economic surges that chart Canada's history. Today, Stelco is beginning to reap the many benefits of an all-out cost control and quality enhancement program launched in the mid 80s: a $500 million dollar effort designed to set new standards in teamwork and technology.
The progress has been significant. Stelco has been downsized and rebuilt to reflect the fastchanging steel scene. Today, this world class organization is two distinct divisions: Stelco Steel, the core business concentrating on basic steel production; and Stelco Enterprises, a group of wholly or jointly owned business units which make and market a wide range of finished steel products plus a communications and printing company. Stelco also incorporated its Technology Division as Stelco Technical Services Limited (Steltech), a company devoted to providing engineering, research and technology support to innovations availablefrom Stelco Steel and Stelco Enterprises. Steltech also provides these services and innovative technology to outside customers.
1. Hilton Works, Hamilton, Ontario, is Stelco Steel's 2. Technological leader: The Stelco-developed Coilbox is a major advance in the science of hot strip rolling. Now in use by steelmakers in many parts of the world, the Coilbox important technological is just one of a number of Steltech. |
In virtually all facets of its extensive steelmaking and processing operations, Stelco Steel has enlisted the aid of the computerand the latest in high technology. At its 1100-acre Hilton Works complex in Hamilton, for instance, two new continuous casting machines were recently commissioned. These units cast molten steel into slabs and blooms of exceptional quality. And at high productivity rates, with significant cost savings in energy, manpower and material handling. Indeed, Stelco Steel can now continuously cast over 80 per cent of its raw steel.
Throughout Stelco, people have changed, too. In both the Steel and Enterprise divisions, they have adopted leading edge technology with enthusiasm, and have begun to apply new techniques in quality control, interpersonal communications and problem solving.
Today, Stelco Steel produces about one-third of all Canada's steel. Stelco Inc.'s consolidated annual sales are more than $2.5 billion and fixed assets exceed $1.6 billion. The Corporation's business plan includes growth in both new and traditional markets. Its people and processes represent the best the Canadian steel industry has ever seen. As a dynamic leader on the international steel scene, Stelco is geared to meet the needs of Canadian industry well into the 21st century. Technology and teamwork: the people of Stelco are busy setting new standards for both.