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.
Keeping truly altruistic projects aside, every project is initiated with the final goal of gaining profit. This profit can either be direct, in the form of liquid assets like cash or indirect, in the form of savings in costs or increases in productivity for some other associated profit-making branch or endeavour.
Steel is known to be a vital ingredient used in construction, in fact, the most robust when it comes to holding a structure. The durability and sturdiness that steel provides to a building are unmatched by concrete, wood, or bamboo.
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.