At one point it was the third largest steel foundry in the United States, employing 350 people.
[1] The company was founded in 1934 by Douglas Genger and Ivan Johnson, who had lost their jobs at General Metals in nearby Oakland as a result of the Great Depression.
[2] Pacific Steel lost a third of its workforce in 2011 after a U.S. Immigration and Customs enforcement audit.
The company announced plans to close as early as December 2017, after having laid off most of the employees and selling much of their inventory.
In 2016 Speyside Fund lent Pacific Steel 3.95 million $US at 10% interest and it was repaid in 2018.