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:
“Our achievements speak for themselves. What we have to keep track of are our failures, discouragements, and doubts. We tend to forget the past difficulties, the many false starts, and the painful groping. We see our past achievements as the end result of a clean forward thrust, and our present difficulties as signs of decline and decay.”
—Eric Hoffer (1902–1983)
“My opposition [to interviews] lies in the fact that offhand answers have little value or grace of expression, and that such oral give and take helps to perpetuate the decline of the English language.”
—James Thurber (1894–1961)
“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)