"J&L" redirects here. Not to be confused with JL, J&L Grubb, or J. & L. Lobmeyr.
Jones and Laughlin Steel Corporation
The J&L Steel Corp's Morgan Billet Mill Engine, 1993
Formerly
American Iron Company
Company type
Private
Industry
Steel production
Founded
1852 (1852) in Pittsburgh, Pennsylvania, U.S.
Founders
Bernard Lauth Benjamin Franklin Jones
Defunct
1968 (1968)
Fate
Acquisition
Headquarters
Pittsburgh, Pennsylvania
Revenue
$903.6 million (1968[1])
Net income
$35.8 million (1968[1])
Total assets
$1,092.8 millon (1968[1])
Total equity
$703.9 million (1968[1])
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.[1]
Stack array of the Jones and Laughlin Pittsburgh Works on the south side of the Monongahela River, 1955.
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.[2] Lauth's interest was bought in 1854 by James Laughlin.[3] The first firm to bear the name of Jones and Laughlin was organized in 1861, and headquartered at Third & Ross in downtown Pittsburgh.[4][5]
^ abcde"FORTUNE 500: Jones & Laughlin Steel". CNN Money. Fortune 500. Retrieved 13 April 2024.
^"Family's Fourth". Time. No. April 13. 1936-04-13. Archived from the original on October 25, 2012. Retrieved 2008-08-09.
^Ingham, John N (September 1983). Jones, Benjamin Franklin(book). Greenwood Press. ISBN 978-0-313-23908-3. Retrieved 2008-09-30.
^"Executive Order 10340". Harry S. Truman Presidential Library and Museum. Archived from the original on 10 April 2019. Retrieved 3 February 2013.
^"Jones-Laughlin Steel to be Reorganized" (PDF). The New York Times. 6 December 1922.
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Global Information
$903.6 million (1968[1])
$703.9 million (1968[1])