International Steel Group International Steel GroupAmerican steel company, headquartered in Cleveland, Ohio which was established by the New York investment firm WL Ross & Co . In 2002 WL Ross & Co. LLC acquired the assets of bankrupt steel companies and rolled them into ISG.Fortune 500 .History International Steel Group was created in 2002, after the turn-around investment fund WL Ross & Co. LLC, purchased the LTV Steel and Acme Steel corporations.Bethlehem Steel , formerly America's second-largest steel producer. Bethlehem Steel did not merge with/into International Steel Group.Mittal Steel in 2005 , which merged with Arcelor to become ArcelorMittal in 2006.Luxembourg based ArcelorMittal is integrated steel and mining multinational corporation , and is the world's largest steel producer as of 2014.Timeline
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