the property the company acquired was once owned by the gibraltar steel corporation. the total area was around of land along the river bordering trenton. mclouth failed to get the proper financing to construct another integrated mill, so plans were drawn up for a stand-alone cold rolling mill. original plans called for five additional blast furnaces, but that was based upon the completion of the all american channel. without the channel, ore and coal haulers could not bring in the required raw materials.