Colorado Fuel and Iron

Colorado Fuel and Iron
Company typePrivate
Founded1892
Defunct2007
FateAcquired
SuccessorEvraz
Main Office at the Minnequa Steel Works

The Colorado Fuel and Iron Company (CF&I) was a large steel conglomerate founded by the merger of previous business interests in 1892.[1] By 1903 it was mainly owned and controlled by John D. Rockefeller and Jay Gould's financial heirs.[2] While it came to control many plants throughout the country, its main plant was a steel mill on the south side of Pueblo, Colorado, and was the city's main industry for most of its history. From 1901 to 1912, Colorado Fuel and Iron was one of the Dow Jones Industrials. The steel-market crash of 1982 led to the decline of the company. After going through several bankruptcies, the company was acquired by Oregon Steel Mills in 1993, and changed its name to Rocky Mountain Steel Mills.[3] In January 2007, Rocky Mountain Steel Mills, along with the rest of Oregon Steel's holdings, were acquired by EVRAZ Group, a Russian steel corporation, for $2.3 billion.

Through the process of vertical integration, the company came to own more than just the main steel plant. Over the course of a century, CF&I operated coal mines throughout southern Colorado, as well as iron mines in Wyoming and Utah, limestone quarries, smaller mines for other materials going into the steel making process, and the Colorado and Wyoming Railway.[4] In Redstone, Colorado, hundreds of coking ovens converted coal into coke.[5]

The Mcnally, Cameron, Robinson and Walsen Mines located in the area of Walsenburg, Colorado, were just a few of the mines owned by the Colorado Fuel and Iron Company.

The Colorado Supply company store was also owned and operated by CF&I. They also came to control many furnaces throughout the country, including E. G. Brooke in Birdsboro, Pennsylvania.

  1. ^ Scamehorn, Chapter 1, "The Colorado Fuel and Iron Company, 1892-1903" page 10
  2. ^ "Colorado Fuel and Iron Corp. - Lehman Brothers Collection". www.library.hbs.edu.
  3. ^ EVRAZ Rocky Mountain Steel Archived 2016-03-15 at the Wayback Machine
  4. ^ For a discussion of the relationship between CF&I and the railway, see McKenzie, William H., "Mountain to Mill: The Colorado & Wyoming Railway" (1982, MAC Publishing)(ISBN 0936206160).
  5. ^ Frey, David: "Redstone coke ovens preserved" Archived 2013-05-11 at the Wayback Machine Aspen Daily News, February 7, 2004