Conversation so far:
What was the steel empire?
Carnegie made his fortune in the steel industry, controlling the most extensive integrated iron and steel operations ever owned by an individual in the United States.
what was done with the steel?
One of his two great innovations was in the cheap and efficient mass production of steel by adopting and adapting the Bessemer process, which.
what was the Bessemer process?
which allowed the high carbon content of pig iron to be burnt away in a controlled and rapid way during steel production.
Steel prices dropped as a result.
what was done with the steel that was produced?
The second was in his vertical integration of all suppliers of raw materials.
In the late 1880s, Carnegie Steel was the largest manufacturer of pig iron, steel rails, and.
who was the steel sold to?
with a capacity to produce approximately 2,000 tons of pig metal per day.
In 1883, Carnegie bought the rival Homestead Steel Works.

Question: how profitable was the steel industry?
Self-contained rewrite: how profitable was the steel industry?