Profiles veteran investor Wilbur L. Ross, Jr. ‘s plan to the aging steel, turn the LTV assets formerly America’s second largest integrated steel producer. Shopping several important assets from LTV according to § 363 of the Bankruptcy Code, Ross is able to free from pension or health care liabilities to retirees to purchase the assets. Examines the challenges Ross stands as he tries to make the reborn steel company to a global player as one of the world’s lowest cost producers. To achieve this, … Read more »

Profiles veteran investor Wilbur L. Ross, Jr. ‘s plan to the aging steel, turn the LTV assets formerly America’s second largest integrated steel producer. Shopping several important assets from LTV according to § 363 of the Bankruptcy Code, Ross is able to free from pension or health care liabilities to retirees to purchase the assets. Examines the challenges Ross stands as he tries to make the reborn steel company to a global player as one of the world’s lowest cost producers. To achieve this, he must negotiate a new agreement with the steelworkers’ union, the old LTV transform culture and secure long-term contracts with the right customers, the ISG was able to meet the capacity requirements.
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from
Paul W. Marshall,
Todd Thedinga
Source: Harvard Business School
25 pages.
Publication Date: Feb 26, 2003. Prod #: 803162-PDF-ENG
International Steel Group HBR case solution