Steel Industry

Madi Parker
Andrew Carnegie
Moved to US in 1848
Worked for a railroad man as a personal assistant
Quit his job and opened a steel company in 1875 in
Pittsburgh
Created one of the worlds largest steel industry
Made steel by using the Bessemer process
Ran his company using vertical integration
Vertical integration
Company owns all parts of
the industrial process
Saves money
Allows companies to become
bigger
Bessemer process
Air is blown through a molten iron pig to oxidize and remove
unwanted impurities
Increased the quality, inexpensive to produce
Used for bridges and railroads
Henry Bessemer
British engineer
Created process in 1855
Knighted in 1879 for his
contribution to science
US steel corp.
1901J.P Morgan bought out Carnegie and
combined Carnegie steel and other steel
companies creating the US Steel Corp.
Worth $1.4 billion