Steel Company

Definition

A steel company is an enterprise involved in producing steel through various manufacturing processes. It includes activities such as mining iron ore, refining it into iron, and then transforming it into steel through smelting or other methods.

Related terms

Industrial Revolution: A period of significant technological advancements and economic changes that greatly expanded manufacturing, including the growth of steel companies.

Bessemer Converter: A device used in the 19th century to convert iron into steel more efficiently, which revolutionized the steel industry.

Labor Unions: Organizations formed by workers to advocate for better working conditions, wages, and benefits.