This website uses cookies to ensure you have the best experience. Learn more

The Steel Industry They Will Survive

1807 words - 7 pages

Steel has been part of the greatest achievements in history. It was the "iron horse" and steel rails that helped carve a nation out of the frontier. Steel is the backbone of bridges, the skeleton of skyscrapers and the framework of automobiles. Now in the 21st century, it is still revolutionizing the way we live. It is high strength frames for eyeglasses; it is a strong durable frame in housing and it's precise surgical instruments used in hospital operating rooms around the world. Iron has been a vital material in technology for well over 3,000 years. But until the Industrial Revolution, its mining, smelting, and working were largely done by individuals and small groups. Known since ancient times, steel is made by alloying iron with carbon to produce a harder stronger metal. Steel was very expensive to manufacture by the primitive methods available and was used largely for specialty items such as swords and precision instruments. "Steel making (in the 18th century) was a laborious and time-consuming process." (1) Manufacturing of steel improved during the 19th century with Henry Bessemer's invention of using a blast furnace method for making steel. During the 20th century, a basic oxygen-furnace process and the electric arc furnace produced steel. The electric arc method is the least costly method of making steel. This uses scrap metal as its base. Steel scrap from many sources such as old bridges, refrigerators and automobiles and other sources are placed in an electric arc furnace, where the intense heat produced by carbon electrodes melts the scrap, converting it into molten steel. Establishments that use this method of producing steel are called electric arc furnace (EAF) mills or minimills. The small initial capital investment required to start and operate an EAF mill has helped drive the growth of the production method. Scrap metal is found in all parts of the country so EAF's are not tied as closely to raw material deposits as are integrated mills and can be placed closer to consumers. EAF mills now account for about 50 percent of American steel production up from 25 percent two decades ago and their share is expected to grow in coming years. (2) The growth of EAF's come partly at the expense of integrated mills. Many of the integrated mills have been facing the decision to continue or shut down. Many have continued operating with deteriorating buildings. They are still able to operate but have no funds to upgrade facilities. Bethlehem Steel on the other hand, was a major steel company that dissolved. They do have a great plan to preserve its production buildings. Nearly 163 acres of industrial land would be converted into a historical, cultural and commercial complex that would pay homage to the area's steel making history. This would be a huge economic boost for the community creating more than 2,400 permanent jobs and tax revenues of about $20 million per year for local & state governments....

Find Another Essay On The Steel Industry They Will Survive

The Will to Survive: Defense Mechanisms

1970 words - 8 pages The Will to Survive: Defense Mechanisms Ever since the beginning of time human beings have emphasized the need to survive as a species, especially during the ages without modern medicine or the type of technology and lifestyles that bring comfort to those living in today’s world. People have struggled throughout centuries of being inhabitants on this planet in order to add and continue the longevity of human kind. While

A Brief Analysis of The Steel Industry

1511 words - 6 pages the steel industry. Next, it will examine steel, and in the impact it had on the transportation industry. Finally, it will discuss systematic management practices of this time and how they gave birth to the scientific approach that is still in use today. Steel The steel industry was needed for almost everything. Alfred D Chandler Jr. could see the potential market value early on. According to Wren: Chandler traced the history of

Will Social Security Survive Into the 21st Century?

989 words - 4 pages is by far the worst off and is set to run out by 2016. The Medicare fund will be depleted by 2024, and Social Security will be run dry by 2036 (Wolf, 2011). To push these projections back, policy makers are considering decreasing the amount of benefits each individual receives. Instead of receiving full benefits, they would only collect 75% (Wolf, 2011). Unfortunately, this strategy will only add to the current problem. Not only will the

Impacts of the Iron and Steel Industry in India

1028 words - 4 pages India Limited (SAIL) are major players in this segment. They generate steel by converting iron ore. 2. Secondary producers: Ispat Industries, Lloyds steel and Essar Steel are major players in this segment. They generate steel through the process of melting scrap iron. These are small steel plants and produce steel in electric furnace. Indian Steel Industry India has become the world’s fourth-largest producer of crude steel. It is estimated that

Will the legal professions survive the current revolution in information technology?

3537 words - 14 pages ability to invest in IT to fuel their growth but the turnover of smaller firms will not be large enough to put money aside to invest in IT which finds many small firms seeking support and advice in procuring IT. As a result, they are falling behind in the race with the larger firms. Although some commentators would argue otherwise , those that want to stay in the game need to merge with other practices or seize to exist. The resulting effect

Investigating The Reasons for the Original Location of the Iron and Steel Industry in South Wales

2632 words - 11 pages longer and therefore less manufactured steel was required, as it did not necessitate replacement as quickly as previously. This also assisted with the decline of the iron and steel industry in South Wales. Other materials, such as aluminium and plastic were also developed throughout the 20th century meaning they were increasingly replacing steel in the manufacture of certain products. These materials are much more

Industrial America from the American Steel Industry to the Early 1970's

2323 words - 9 pages Industrial America from the American Steel Industry to the Early 1970's The steel industry has been profoundly important to the development of USA by its value of output, input to the American manufacturing industries and in terms of the extent of its employment in the past. It’s been important because of its political clout of its corporations and finally it’s been important for strategic reasons. Background to the

Will the European Union Survive?

1862 words - 7 pages "Europe must prevent Greece from becoming an out-and-out catastrophe and make sure that the same fiscal 'remedy' is not applied to other weak economies" -- Franziska Brantner “There are three kinds of people: the have's, the have-not's and the have-not-paid-for-what-they-have's” -- Earl Wilson Today, the world faces another economic crisis in the Eurozone. This crisis exists because too many people are consuming more than they are

The Device That Will Revolutionize the Gaming Industry

1597 words - 7 pages Throughout time, technological tools have been created and improved for the well-being of humans. From the discovery of fire to having robots educate children, all inventions influence and impact the way we live in a society. Another instrument which will soon remodel the gaming industry and our lifestyle is the Oculus Rift. According to Chacos, Edge-Salois, Hamdan, Luckerson and Trivedi, there is research to prove that the Oculus Rift is a

Waves: How they have revolutionized the healthcare industry

741 words - 3 pages that will provide a safe and non-invasive alternate to traditional foot surgery, which is the main reason for it's growing popularity.The creators of the extracorporeal shock wave therapy (ESWT) as it's called, were a group of learned doctors of podiatry. Little more information about the creators is known, as it was part of a large project spanning many states and doctors. The date it was first introduced to the public and available for use was in

"Where They Have Burned Books, In the End They Will Have Burned Human Beings."~ Heinrich Heine(1)

1032 words - 4 pages idea on the grounds of freedom of expression. By limiting what your child reads, they will be unaware of the dangers in this world. Being unaware, yourchild may experiment with substances, situations not knowing what could happen. This could result in chemical dependency, pre marital sex, pregnancy.I also object on the grounds that it limits your child's motivation to learn. By limiting a child's reading, you are also limiting imagination, and

Similar Essays

Will The Euro Survive? Essay

1495 words - 6 pages Search Complete. Schwartz, Pedro. "Why The Euro Failed And How It Will Survive." Cato Journal (2013): 521-534. Academic Search Complete. Schwarzer, Daniela. "Crisis and Reform in the Euro Area." Current History (2013): 83-87. Academic Search Complete. Witte, Mark Dawson and Floris de. "Constitutional Balance in the EU after the Euro-Crisis." The Modern Law Review (2013): 817-844. Academic Search Complete. Yeager, Leland B. "The Euro Facing Other Moneys." Cato Journal (2004): 27-40. Academic Search Complete.

The Will To Survive Essay

1036 words - 5 pages , but in return he would be paying with his life. The barber is unable to kill his enemy even though he knows that Captain Torres is responsible for the deaths of many. Because of his natural instincts and the will to survive, he restrains himself from killing the person he hates most. In both short stories it is clear that when one is put in a life threatening situation they will instantly forget about others and focus on themselves surviving that

Will The European Union Survive? Essay

1185 words - 5 pages utilizing the EFSF and the EFSM, along with the process of sucking dry the ECB, is there any telling whether or not they can use the money productively, or, if the governments do, can they maintain their path along the road to prosperity? In Greece’s case, statistics suggest that they are predestined to a negative future, as their Corruption Perception Index (“CPI”) is alarmingly low. Greece received a total of 3.4 points out of a possible 10, a

Eco/360 Industry Overview (The Steel Industry)

4335 words - 17 pages exchange rates. Economic indicators such as these are valuable tools for businesses, individuals, industries, and governments. The ones analyzed within this paper will show how they have affected and continue to affect the steel industry.Forecasts based on the latest data and in-depth analysis of sectoral trends, while theory based, can greatly assist any industry. An overview of key industry players, market developments, and production and regulatory