Decline
With the steady deline in domestic steel production, Sharon Steel attempted to update the Farrell plant with a continuous caster. Funding failed and Sharon Steel idled No 2 blast furnace, nicknamed Judy, and closed the mill in November 1992. Later that month, Sharon Steel filed for Chapter 11 bankruptcy. Caparo Inc. bought much of the mill from Sharon Steel in 1995. Due to financial troubles, Judy, as well as blast furnace No 3 were destroyed simultaneously at 6:00pm Friday, March 1995 at the Farrell plant. Judy, the bigger of the furnaces, stood 110 feet tall at the time of the dismantlement. The explosion created a large flash of light and could be heard for miles around. The remains of the furnaces were sold for scrap. The No 1 furnace had been destroyed 70 years prior.
Read more about this topic: Sharon Steel Corporation
Famous quotes containing the word decline:
“Considered physiologically, everything ugly weakens and saddens man. It reminds him of decay, danger, impotence; it actually reduces his strength. The effect of ugliness can be measured with a dynamometer. Whenever anyone feels depressed, he senses the proximity of something “ugly.” His feeling of power, his will to power, his courage, his pride—they decline with ugliness, they rise with beauty.”
—Friedrich Nietzsche (1844–1900)
“We have our little theory on all human and divine things. Poetry, the workings of genius itself, which, in all times, with one or another meaning, has been called Inspiration, and held to be mysterious and inscrutable, is no longer without its scientific exposition. The building of the lofty rhyme is like any other masonry or bricklaying: we have theories of its rise, height, decline and fall—which latter, it would seem, is now near, among all people.”
—Thomas Carlyle (1795–1881)
“I rather think the cinema will die. Look at the energy being exerted to revive it—yesterday it was color, today three dimensions. I don’t give it forty years more. Witness the decline of conversation. Only the Irish have remained incomparable conversationalists, maybe because technical progress has passed them by.”
—Orson Welles (1915–1984)