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Carnegie Steel was considered a vertical monopoly because it controlled every aspect of the steel production process, from raw materials to finished products. Andrew Carnegie's company owned iron mines, coal fields, railroads, and steel mills, allowing it to manage costs and eliminate competition at various stages of production. This integration not only increased efficiency but also enabled Carnegie Steel to dominate the steel market by controlling supply and pricing.
Coal is primarily used as a fuel source for electricity generation and in industrial processes, such as steel production and cement manufacturing. Its economic value stems from its role in energy production, providing jobs in mining and related industries, and its contribution to local and national economies. Additionally, coal serves as a feedstock for the chemical industry, producing various chemicals and materials. Despite its economic benefits, the environmental impact of coal extraction and combustion poses significant challenges.
1951 - 1967
European Coal and Steel Community
In my opinion stable demand commodities are those which are necessary in life such as oil, gas, corn, rice, coal, steel
no because coal is not metal. you need metal to make metal or 2 different alloys of a metal such as iron. <><><> Coal is used in MAKING steel, but it is not MADE into steel.
The primary use for coal is for generating electricity by heating the water in large boilers in which the steam turns a AC generator. Another important use for coal is for making metallurgical coke for the production of steel. Coal is not used much anymore for heating homes.
Coal is primarily used for electricity generation, accounting for a significant portion of global energy production. It is also used in industrial processes such as steel production and cement manufacturing. Additionally, coal is used in residential and commercial heating and as a feedstock for certain chemical processes.
Products made from coal include:AbrasivesConcreteSome fertilizersSome insulationsSome linoleums,Moth balls,Paint,Many plastic items,Roofing shingles,Rubber bands,Several sealants,medicine,synthetic fuelsRelated Information:Other uses for coal include:Fuel for heat and power,Carbon source for steel making ,other industrial processes
Yes, iron and coal are used to make steel. Iron is the primary raw material for steel production, while coal is used as a source of carbon in the steelmaking process to remove impurities and control the carbon content in the final steel product.
Helmut Weinert has written: 'Steel production and coal demand in Europe up to the year 2000' -- subject(s): Coal trade, Forecasting, Steel industry and trade
coking coal required for production of coke which is used in steel industries and non coking coal required for thermal power plants for steam production. coking coal required for production of coke which is used in steel industries and non coking coal required for thermal power plants for steam production.
Coal is primarily used for electricity generation and industrial processes such as steel production and cement manufacturing. It is also used in some household heating systems and in the production of chemicals and pharmaceuticals.
Coal is primarily used for electricity generation and industrial purposes, such as steel production, cement manufacturing, and as a fuel source for heating and cooking. It is also used in the production of chemicals and as a component in the production of activated carbon.
What is the major factor that led to the birth of modern industry in Europe? To have modern industry in Europe, you have to have the resources coal and iron ore. The coal which came from Great Britain(UK) and the iron ore from France and Germany allowed the production of steel which gave part hugely in the Industrial revolution.
Birmingham, Alabama
coal mining and iron and steel production.