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After several bankruptcies, the company was acquired by Oregon Steel Mills and changed its name to Rocky Mountain Steel Mills.
In 2007, shortly after Oregon Steel made amends with the union and its workers, Evraz Group, one of Russia's biggest steel producers, agreed to buy the company for .3 billion.
For nearly a century the CF&I was the largest employer in the state of Colorado.
The steel-market crash of 1982 led to the decline of the company.
Pueblo is situated at the confluence of the Arkansas River and Fountain Creek, 112 miles (180 km) south of the Colorado State Capitol in Denver.
The area is considered semi-arid desert land, with approximately 12 inches (304.80 mm) of precipitation annually.