Steel of West Virginia

In the S-4 filing made by Steel of West Virginia on April 16, 2009, several items were included as anticipations of what may affect the company in the future. There are a few general items that any large company faces in the economy, such as changes in supply and demand, the possibility of increased interest rates, costs of borrowing and the affect that government regulations may have.


Steel of West Virginia also has to worry about strikes among their employees and labor unrest. The price of recycling also has an impact on the business, as well as their consumers. If it loses any main consumer, profits will be affected greatly. The “forward looking statement” also anticipates equipment failures and the cost of utilities, which are typical expenses that most companies need to prepare for.


Previously there have been lawsuits against the employer by former employees and labor unions. An employee laid off in 2003 filed a lawsuit alleging that Steel of West Virginia fired him because he filed for worker’s compensation in 1994 after injuring his neck.


In January 2009, the business became the plaintiff in a lawsuit against AMI G.E. LLC regarding damaged property. In 2007 it was the defendant in a case about a personal injury on the job. Lawsuits are most likely the common situation that the company is anticipating since workers can easily get hurt on the job.