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After several bankruptcies, the company was acquired by Oregon Steel Mills and changed its name to Rocky Mountain Steel Mills.The company was plagued with labor problems, mostly due to accusations of unfair labor practices.All of the striking steel workers returned to their jobs, and the company paid them the back pay owed for the seven years they were on strike.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.This culminated with a major strike in 1997, leading to most of the workforce being replaced.In September 2004, both United Steelworkers locals 21 won the strike and the unfair labor practice charges.Pueblo is the heart of the Pueblo Metropolitan Statistical Area totaling over 160,000 people and an important part of the Front Range Urban Corridor.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.

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Roughly one-third of Pueblo's downtown businesses were lost in this flood, along with a substantial number of buildings.

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Pueblo struggled with this significant loss, but has had a resurgence in growth.

The main industry in Pueblo for most of its history was the Colorado Fuel and Iron (CF&I) Steel Mill on the south side of town.

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