Subsequent to that transaction, he became Chairman of Geneva Steel.

His father retired as a foreman at a steel mill in Vineyard operated by Geneva Steel.

In the loan program's first year, however, only one loan was approved, for $110 million, to Geneva Steel.

Geneva Steel filed bankruptcy again and shut down permanently in November 2002.

Geneva Steel used the package to emerge from its first bankruptcy.

Geneva Steel, whose furnaces once spewed smoke into the Utah Valley, used to be the area's largest employer.

In 1989, Geneva Steel paid its employee bonuses in $2 bills.

Geneva Steel, $135 million of senior notes due in 2001, B-1/B+/--.

Oveson was raised in Orem, Utah, where his father worked for Geneva Steel.

Companies such as Geneva Steel and Kennecott Copper are now shrinking, not expanding.