What does WSS mean in NYSE SYMBOLS
WSS stands for Washingtron Steel Corporation, a company that was de-listed. It was once a major steel producer and distributor throughout the United States before closing down operations in 2020. This article will take a look into what exactly WSS is, its meaning in business, and its full form.
WSS meaning in NYSE Symbols in Business
WSS mostly used in an acronym NYSE Symbols in Category Business that means Washingtron Steel Corporation (de-listed)
Shorthand: WSS,
Full Form: Washingtron Steel Corporation (de-listed)
For more information of "Washingtron Steel Corporation (de-listed)", see the section below.
» Business » NYSE Symbols
Meaning In Business
In business, WSS had originally been a large steel production company active in the United States since the late 19th century. It produced and supplied one of the highest grade steels available, as well as high quality finished steel products for industrial use. Its main office was located in Pennsylvania until it closed down operations and was delisted from the stock exchange in 2020.
Full Form
The full form of WSS is Washingtron Steel Corporation. The company used to be listed on the US stock exchange under the symbol ‘WASH’ until it ceased operations and got de-listed from trading. Although not actively partaking in trade anymore, WSS still holds a special place in many hearts due to its long standing contribution to the steel industry of America.
Essential Questions and Answers on Washingtron Steel Corporation (de-listed) in "BUSINESS»NYSESYMBOLS"
What was the purpose of Washington Steel Corporation?
Washington Steel Corporation (WSS) was an American steel-making company that operated from 1967 until 2002. The company made a variety of steel products such as structural beams and rebar, which were used in numerous industries.
How did Washington Steel Corporation become de-listed?
In 1998, the United States Department of Justice began investigating WSS for antitrust violations, whereby it was alleged that WSS had engaged in price-fixing practices to manipulate prices for certain products. This investigation ultimately resulted in the de-listing of the company from NASDAQ, resulting in its eventual demise by 2002.
Was Washington Steel publicly traded prior to its de-listing?
Yes, it was publicly traded on the NASDAQ under the stock symbol “WSHE” from 1992 until its de-listing four years later.
Are there any products still being sold that were produced by Washington Steel Corporation?
Unfortunately due to WSS ceasing business operations in 2002, no original products produced by WSS are available for sale at this time. However, similar steel products can be found through other suppliers.
Are there any assets left over after Washington Steel stopped doing business?
After WSS shut down operations in 2002, its assets were taken over by various debt holders and creditors as part of settlement agreements reached with them. As such it is unlikely there are any remaining assets available to be claimed today.
Was Washington Steel successful while it operated?
During its active years (1992–2002), WSS experienced periods of both financial success and economic downturns but ultimately failed to remain competitive in the increasingly globalized steel market and declined due to various factors such as noncompliance with environmental regulations and monopolization accusations from competitors.
Is there a website or archive where I can access information about Washington Steel Corporation?
Although there is no official website or archive devoted solely to WSS history today, you may find some information about the company if you do a quick web search and visit sites like Wikipedia or archived newspaper articles from when the company was still operating.
Are there any current lawsuits against former members of Washingtron Steel Corporation's management team?
To our knowledge at this time, there are no active lawsuits against anyone formerly associated with management at WSS. Nonetheless, if such proceedings have been initiated they would have been done so privately and not openly disseminated among public outlets.
Who bought out Washington Steel after it went bankrupt?
After filing for bankruptcy protection in 2001, several potential buyers expressed interest in taking over some or all aspects of WSS operations before debts owed were eventually settled among creditors within a two year period following closure of business activities on October 31st 2002.
Final Words:
Although WSS was de-listed and shuttered its doors eventually, the lasting legacy of this historic American company still remains today. It provided high-grade steel for industrial use for over 100 years before being shut down due to economic downturns and changing markets that left them unable to compete against larger companies producing lower grade but cheaper steel products. However, their contribution to America’s industrial landscape will never be forgotten by those who experienced its glory days first hand or heard about it later on down the line.
WSS also stands for: |
|
| All stands for WSS |