Carnegie Steel

Founded

1892



Overview:
Carnegie Steel Company was a steel producing company primarily created by Andrew Carnegie and several close associates, to manage businesses at steel mills in the Pittsburgh, Pennsylvania area in the late 19th century. The company formed in 1892 and was subsequently sold in 1901 in one of the largest ever business transactions of the early 20th century, to become the major component of the United States Steel Corporation. The subsequent sale made Carnegie one of the richest men in history.

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Industries:
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Industrials



Similar firms (based on pattern co-occurrence):
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2 shared patterns
Business Model Patterns:

Direct Selling

How they do it: Carnegie steel and its affiliated companies pioneered steel technology by directly supplying large scale construction projects (e.g. Eads Bay Bridge) in the 1890s, an important proof-of-concept for steel technology.

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Integrator

How they do it: Carnegie steel controlled not only the mills where the steel was made, but also the mines where the iron ore was extracted, the coal mines that supplied the coal, the ships that transported the iron ore and the railroads that transported the coal to the factory, the coke ovens where the coal was cooked, etc.

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