Steelmet, Inc. - Specimen Stock Certificate
Inv# SE1855 Stock
Specimen Stock printed by American Bank Note Company. Steelmet, Inc., founded in Pennsylvania in 1961, operated in the secondary metals market with facilities in McKeesport and offices in Pittsburgh. In 1981, a fire caused by an employee using a torch ignited titanium shavings at the McKeesport plant, spreading rapidly and extensively damaging the facility. Despite reopening, Steelmet struggled to recover and filed for bankruptcy in 1985. The company was eventually acquired by ELG Metals, Inc., a recycler specializing in stainless steel and alloys.
A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.
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