Illinois Steel Company

Railroads using Illinois Steel products included the Atchison, Topeka & Santa Fe, Wabash, Chicago & Alton, and Baltimore & Ohio.

Pig iron operations were handled in conjunction with Pickands, Brown & Company.

The ploy worked and by 1896, Illinois Steel had drawn papers to place the company into receivership.

Before these papers could be filed, however, Illinois Steel decided to focus on expanding their market to the west of Chicago, where Carnegie lacked sufficient supply lines.

Upon completion of the merge, general counsel Elbert Henry Gary became president of the company.