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  September 5, 2001
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Home > Company Index > Metals & Mining > Steel Production > Niagara Corporation

Niagara Corporation
Nasdaq: NIAG
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 PROFILE
Niagara Corporation has raised the bar on its competition. Niagara is one of the largest independent producers of cold-drawn steel bars in the US. It makes custom-cut bars, stress-relieved bars, quench and tempered bars, and hexagon, flat, square, and round bars at operations in both the UK and the US. Applications for steel bar include cylinders, shafting mechanisms, and parts for appliances, autos, engines, and screw machines. Steel service centers account for about 50% of total sales. Alro Steel Corp., Earle M. Jorgensen Co., and Joseph T. Ryerson and Sons account for almost 30% of sales. Brothers Michael Scharf (chairman and CEO) and Gilbert Scharf (a company director) together control more than 25% of Niagara.

 COMPETITION
Chaparral Steel Company (dossier)
Nucor Corporation (NUE)
Quanex Corporation (NX)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 336.00
1-Yr. Sales Growth: 27.2%
Employees: 1,355
Revenue per employee: $247,970.48

 KEY PEOPLE
• Michael J. Scharf
    CEO
• Raymond Rozanski
    CFO

 CONTACT INFO
667 Madison Ave.
New York, NY 10021
US
Phone: 212-317-1000
Fax: 212-317-1001

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