Jones and Laughlin Steel Company
The Jones and Laughlin Steel Corporation , also known as J&L Steel or simply as J&L, was an American steel and iron manufacturer that operated from 1852 until 1968. Beginning as the American Iron Company, founded in 1852 by Bernard Lauth and Benjamin Franklin Jones, a few miles (c 4 km) south of Pittsburgh along the Monongahela River. Lauth's interest was bought in 1854 by James Laughlin. The first firm to bear the name of Jones and Laughlin was organized in 1861, and headquartered at Third & Ross in downtown Pittsburgh.
The J&L Steel Corp's Morgan Billet Mill Engine, 1993 | |
| Formerly | American Iron Company |
|---|---|
| Company type | Private |
| Industry | Steel production |
| Founded | 1852 in Pittsburgh, Pennsylvania, U.S. |
| Founders | Bernard Lauth Benjamin Franklin Jones |
| Defunct | 1968 |
| Fate | Acquisition |
| Headquarters | Pittsburgh, Pennsylvania |
| Revenue | $903.6 million (1968) |
Net income | $35.8 million (1968) |
| Total assets | $1,092.8 millon (1968) |
| Total equity | $703.9 million (1968) |
Number of employees | 39,531 (1968) |
| Parent | LTV Steel |
| Footnotes / references Financials via the Fortune 500's 1968 historical database. 1968 was J&L's final year before its acquisition. | |
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