The Bethlehem Steel Company became the primary subsidiary company of the Bethlehem Steel Corporation in 1904. The Bethlehem Steel Company is the first Bethlehem Steel while the Bethlehem Steel Corporation is the second Bethlehem Steel; both companies existed simultaneously after 1904, but the Bethlehem Steel Company was eventually merged into the Bethlehem Steel Corporation in the 1960s. After a decline in the American steel industry and other problems leading to the company's bankruptcy in 2001, the Corporation was dissolved and its remaining assets were sold to International Steel Group in 2003.