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Steelmaking. Steelmaking is the process of producing steel from iron ore and/or scrap. In steelmaking, impurities such as nitrogen, silicon, phosphorus, sulfur, and excess carbon (the most important impurity) are removed from the sourced iron, and alloying elements such as manganese, nickel, chromium, carbon, and vanadium are added to produce ...
The Nixon shock was the effect of a series of economic measures, including wage and price freezes, surcharges on imports, and the unilateral cancellation of the direct international convertibility of the United States dollar to gold, taken by United States President Richard Nixon in August 1971 in response to increasing inflation. [ 1][ 2 ...
Stainless steel, also known as inox, corrosion-resistant steel ( CRES ), and rustless steel, is an alloy of iron that is resistant to rusting and corrosion. It contains iron with chromium and other elements such as molybdenum, carbon, nickel and nitrogen depending on its specific use and cost. Stainless steel's resistance to corrosion results ...
Gary Works. / 41.607263000°N 87.337574000°W / 41.607263000; -87.337574000. The Gary Works is a major steel mill in Gary, Indiana, on the shore of Lake Michigan. For many years, the Gary Works was the world's largest steel mill, and it remains the largest integrated mill in North America. [ 1] It is operated by U.S. Steel .
American Metal Market (AMM) is an online provider of industry news and metal pricing information for the U.S. steel, nonferrous and scrap markets. Products include a daily publication available electronically, live news on the publication's website, a hard-copy magazine and a series of weekly newsletters covering niche markets.
The federal government attempted to use federal antitrust laws to break up U.S. Steel in 1911 (the same year Standard Oil was broken up), but that effort ultimately failed. In 1902, its first full year of operation, U.S. Steel made 67 percent of all the steel produced in the United States. [15]
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]
Steels. Carbon steel is a steel with carbon content from about 0.05 up to 2.1 percent by weight. The definition of carbon steel from the American Iron and Steel Institute (AISI) states: or the specified maximum for any of the following elements does not exceed the percentages noted: manganese 1.65%; silicon 0.60%; copper 0.60%.