Companies and Brands
Carnegie Steel Company
Citation Formats
General Reference
APA Style
BibTeX
A Pittsburgh steel producer founded by Andrew Carnegie in 1892, pioneering the Bessemer process and open hearth furnace at industrial scale before its 1901 sale into the newly formed U.S. Steel for roughly 492 million dollars.
Facts
Company TypeSteel producer (historical, merged into U.S. Steel in 1901) 1 Founded Year HeadquartersPittsburgh, Pennsylvania, U.S. 1 Cross-Tradition Connections
Associated With
Carnegie Steel was merged into U.S. Steel by this 1901 transaction.
Carnegie Steel controlled not only the mills where steel was manufactured but the mines where coal and iron ore were extracted, the textbook example of vertical integration.
Founded By
Founded by Andrew Carnegie in 1892.
Operates In
Pittsburgh steel producer.
Sources
1. Wikipedia, Carnegie Steel Company
Wikipedialead sectionQuote, lead section
The company was formed in 1892, and was subsequently sold in 1901 in one of the largest business transactions of the early 20th century, to become a major component of U.S. Steel.
Wikipedia, Vertical Integration
WikipediaAssociated With: Vertical Integration, Steel and oil section, Carnegie SteelQuote, Associated With: Vertical Integration, Steel and oil section, Carnegie Steel
Carnegie Steel is an example of America's initial approach to vertical integration, with the business controlling not only the mills where steel was manufactured, but mines where coal and iron ore was extracted.
Wikipedia, United States Steel
WikipediaAssociated With: Formation of U.S. Steel, History sectionQuote, Associated With: Formation of U.S. Steel, History section
In 1901, J. P. Morgan created U.S. Steel by merging Carnegie Steel Company, Federal Steel, and National Steel for $492 million.
Reader Challenges (0 open reader challenges)
No disputes yet. Spotted an error or a better source? Open the first one.
Sign in to dispute this or suggest a correction.
View At A Past Year
The atlas records no dated fact of its own for this entry, so there is no other year to choose.