The United States Steel Industry

From 1870 to 1910 was Pittsburgh's Golden Age. Steel was a main factor in making Pittsburgh what it is today. But steel was not the only industry in Pittsburgh. Wood, coal, limestone, sand, and flax were also some of the resources they had. It was the steel capital of the world due to the abundance of resources. With all of the big promising jobs many people did not want to have the small jobs that were needed (Dietrich).

Along with Tom Scott, Carnegie wanted to build a bridge going from St. Louis, Missouri to East St. Louis, Illinois. He needed the bridge to be strong enough to withstand the current of the Mississippi River. He decided to build the bridge with steel- a very strong material that is hard to produce. Thanks to Sir Henry Bessemer, who invented the Bessemer process of blowing air into iron to make it into steel, the idea for the steel bridge was made possible. Despite being set back by the pause of construction because of a shortage of money, Carnegie continued to work hard until the bridge was

These driving forces very easily impact the steel industry’s competitive structure in a bad way. These driving forces make it very difficult for steel companies to compete in this industry.

Steel fabrication: this is when steel is cut to the desire length generally on site and then weld them together to create the final building. This is generally labor intensive however it can reduce time.

Andrew Carnegie is known as the king of steel. He was born November 25, 1835 in Dunfermline, Scotland. In 1848 he and he and his family immigrated to America and ended up in Pittsburg, where they lived in a small house and had very little money. In 1872 he traveled to England where he met Henry Bessemer, the man who converted iron into steel. He took Bessemer’s brilliant steel-making process back to America and built several steel mills in Pennsylvania. At the age of 65 he finally decided it was time to move on from the mills and he sold the Carnegie Steel Company to J.P. Morgan for $480,000,000. A hero is

Among the immigrants in the 19th century was Andrew Carnegie, born November 25th, 1835 in Dunfermline, Scotland, was brought to America in 1848 by his impoverished parents. Carnegie would become the king of steel industry in the 1880s, but not before mentoring from Thomas A. Scott the president of the Pennsylvania Railroad Company. In 1853 Carnegie was hired as a secretary and telegraph for the Pennsylvania Railroad Company and the following years under Scott would prove to be invaluable to Carnegie, as he learned much about management and cost control. Moreover, Scott would help Carnegie with his first investments, which were inside investments, in the railroad-related industries to accrue Carnegie’s capital. After the Civil War in 1865, Carnegie would retire from the railroad business and establish the Keystone Bridge Company and invest in the iron industry. In 1867, the Keystone Bridge Company began construction on the Eads Bridge in St. Louis, Missouri and East St. Louis, Illinois. This bridge was to span the Mississippi River, and be over a mile in length which had never been accomplished before. Wrought Iron alone was too weak in order to support the span of the bridge; the solution was to use steel. Carnegie spent a fortune building this bridge due to the high cost of the steel making process; however, he began to use the Bessemer process in his factories to make steel more cost-effective.

By 1900 the US was the largest producer while also being the lowest cost producer, and demand for steel seemed never-ending. Output had more than tripled since 1890, but customers, rather than the producers, mostly benefited. New technology encouraged faster

Andrew Carnegie’s most well know impact was his impact in the steel industry. In Pittsburgh, Andrew Carnegie co-founded his very first steel company in the early 1870’s. He adopted the Bessemer process to make his desire of making steel more cheaply and efficiently capable of happening. By 1889, most of the steel production in the United States was under Andrew Carnegie’s control. The steel industry was doing so well that it outpaced the steel production in the United Kingdom. Along with the United States outpacing the United Kingdom still production, Andrew Carnegie was also one of the wealthiest men in America.

Although Andrew Carnegie has some conflicts dealing with his workers’ salary and the condition of his companies, he left a huge impact how American steel industry. During the 1800s, Carnegie adopted the Bessemer process and brought it to America. The Bessemer is a special technique for converting iron into the puer, stoner material we called steel. Within twelve months, Carnegie was able to construct America’s largest steel mill called the J. Edgar Thomson Works. Carnegie’s outstanding effort in the industry made many construction happened, such as the steel rails, the steel bridges, and the steel I-beams. Furthermore, his heroic personality continues as he give back to his country by helping out schools, libraries, and buildings in America.

Andrew Carnegie, also known as the steel king of America, was an influential businessman during the late 1800s. In addition to being a business tycoon, Carnegie was also a philanthropist. By utilizing free enterprise, Carnegie was able to create a build a fortune from the ground up. Free enterprise is "an economic system in which private business operates in competition and largely free of state control." Resources are owned by the people, instead of the government, and the government only interferes to ensure overall peace and order. Without free enterprise as an economic system, Carnegie would not have been able to become a business mogul, because he would not have been able to make his own economic decisions and build his own business.

Furthermore, Carnegie's steel started to grow dramatically, after the bridge across the Mississippi river was built. The Americans at first did not trust Carnegie, because the Mississippi river has a really strong current that if the bridge was wood it would be swept away by the river. Secondly, people started to gain more trust in Carnegie's steel after Carnegie made an elephant walk across his bridge, because if the elephant hesitated or did not walk across the bridge that means the bridge would not be stable enough for the elephant to cross, but if the elephant walked across the bridge confidently which meant the bridge was strong enough to hold a lot of weight, and it was strong enough to handle the Mississippi river's current. That was one of the many reasons why Carnegie made such an enormous impact on

The rise of industry was good for the United States. In 1855, Henry Bessemer patented the Bessemer process, the process in which involved blowing air through molten iron (147). Thanks to this process, steel could be made cheaper and quicker than ever before. The process also removed any impurities that were concealed in the steel (147). And since the process was so efficient, it was starting to be used in countries other than Europe. Henry Ford pioneered the moving assembly line to mass produce automobiles (149). Henry took a no wasted motion approach at his factory, so the workers stood by a belt and waited for their work to come to them (149). This approach resulted in a higher productivity resulted in cheaper goods. The idea of social Darwinism

This report discusses the challenges that The Nucor Corporation faces during this era of social and economic climate change. Using Porter's Five Forces Analysis and Four Generic Strategies, we will assess the steel industry standards as it relates to the strategies implemented by the Nucor Corporation. We will also assess what Nucor’s strengths and weaknesses are, and if they will be able to continue

The steel industry has a very hazardous work environment, which in return arises many cases of workman’s compensation issues. An on staff legal team at Nucor allows a more adept knowledge about the steel industry and therefore assists in helping safeguard Nucor from many lawsuits.

Globally, the U. S. steel industry is one of the largest as measured both by production as well as consumption. In 2010, the U.S. was third in global crude steel production with almost 6 percent share (Market Research.com, 2011).