Charles Schwab, president of the United States Steel Corporation, was now president of another company called Bethlehem Steel. Two months after the start of the First World War, Schwab got an order for $40 million worth of weaponry from England, all of which was a secret.
Little did the world know that the introduction of a new steelmaking technology was poised to revolutionize steel industry. The steel mills in other countries were lagging behind the United States, who still remained the king of steel.
Europe was experiencing an iron boom, thanks to the invention of blast furnaces. The hourglass-shaped contraption was 10-feet tall and had two bellows at the bottom on either side.
Gone were the days of the ancient iron and steel weapons. Fast forward to the age of powerful and beautifully-crafted swords. Swords were being made around the world.
Bangalore, the capital of Karnataka, is one of India’s most progressive and developed cities. Fondly referred to as the “Garden City of India”, Bangalore is blessed with pleasant weather that sustains throughout the year.
A crucial aspect of managing any construction project—be it small scale or large scale—involves the planning and control of the cost. Cost control procedures are typically employed to make sure that a project costs no more than intended.
The last few years have seen the Indian steel sector facing many problems. Despite the hardships, India was the third largest producer of steel in the world for the year 2017. Domestic availability of iron ore and cost-effective labor has propelled the Indian steel sector towards growth.
When it comes to mineral resources, Karnataka reigns supreme. One of the leading industrialized states of India, its steel industry plays a key role in its growth and development. Various industries like the automobile, construction, heavy and light machine, power plants etc. depend on the steel industry for their growth and expansion.