The steel industry involves processing iron ore into steel - an alloy characterized by high tensile strength and malleability - which is used extensively in construction and other industries.
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Bessemer Process: An industrial process for making steel using molten pig iron (a high-carbon iron made by smelting iron ores).
Carnegie Steel Company: Founded by Andrew Carnegie and several partners; it dominated the American steel industry during its time due to innovative strategies including cost-efficient production methods.
Industrialization: The development of industries in a country or region on a wide scale.