Renate Reistel (left) and her husband Guenter walk around Apartment Complex I on Rosa-Luxemburg-Strasse. Guenter used to live here as a young man. Today, all the apartments in the complex are empty. Founded in 1950 around a steel and given the name 'Stalinstadt' ('Stalin City') in 1953 in honour of the Soviet Leader Jospeh Stalin, Eisenhuettenstadt grew and was celebrated as the 'first socialist city on German soil.' With de-Stalinisation in the Soviet Union the city's name was changed to Eisenhuettenstadt ('Ironworks City') in 1961. Its economy today is dominated by the steelmaker ArcelorMittal Eisenhuettenstadt. Since German re-unification the city's population has been consistently falling.