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The tariff represented a complex balance of forces. Railroads, for example, consumed vast quantities of steel. To the extent tariffs raised steel prices, they paid much more making possible the U.S. steel industry's massive investment to expand capacity and switch to the Bessemer process and later to the open hearth furnace. Between 1867 and ...
The company was sold to British Steel plc in 1989 for a fee in excess of £300million - which helped fund Jack Walker's takeover of Blackburn Rovers in early 1991. By this time, the steel company was achieving profits worth close to £50million a year, though the onset of the recession saw the steel market suffer a major slump.
The American Steel Industry, 1850–1970: A Geographical Interpretation (1973) (ISBN 0198232144) Whaples, Robert. "Andrew Carnegie", EH.Net Encyclopedia of Economic and Business History online; U.S. Steel's History of U.S. Steel; Urofsky, Melvin I. Big Steel and the Wilson Administration: A Study in Business-Government Relations (1969) Spiegel ...
Steel is an alloy composed of between 0.2 and 2.0 percent carbon, with the balance being iron. From prehistory through the creation of the blast furnace, iron was produced from iron ore as wrought iron, 99.82–100 percent Fe, and the process of making steel involved adding carbon to iron, usually in a serendipitous manner, in the forge, or via the cementation process.
Knoedler, Janet (1993). "Market Structure, Industrial Research, and Consumers of Innovation: Forging Backward Linkages to Research in Turn-of-the-Century U.S. Steel Industry". The Business History Review. 67 (1). doi:10.2307/3117469. JSTOR 3117469. Needleman, Ruth (2003). Black Freedom Fighters in Steel: The Struggle for Democratic Unionism ...
Metal prices are the prices of metal as a commodity that are traded in bulk at a predefined purity or grade. Metal can be split into three major categories, precious metals, industrial metals and other metals. Precious metals and industrial metals are priced by trading of those metals on commodities exchanges. [1]
Egan, Charles E. "Wilson Weighing Steel Price Rises". The New York Times. March 23, 1952. "11% Cut in Steel for Civilians Goods Scheduled for '52". The New York Times. October 13, 1951. "$5.60 Steel Price Rise Reported Offered". The New York Times. July 16, 1952. "Foes of Union Shop Assail Wage Body". The New York Times. March 9, 1952.
The steel crisis was a recession in the global steel market during the 1973–1975 recession and early 1980s recession following the post–World War II economic expansion and the 1973 oil crisis, further compounded by the 1979 oil crisis, and lasted well into the 1980s.