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Following World War II, Pittsburgh launched a clean air and civic revitalization project known as the "Renaissance". The industrial base continued to expand through the 1960s, but after 1970 foreign competition led to the collapse of the steel industry, with massive layoffs and mill closures. Top corporate headquarters moved out in the 1980s.
Pittsburgh Steel mill in Homestead circa 1907. In the early 20th century the economy of Pittsburgh was primarily driven by the steel industry and the city had reached a population 321,616. [28] Throughout this period, Pittsburgh would see a spike in population and a slow decline at the end of the century.
The Politics of Steel: Western Europe and the Steel Industry in the Crisis Years (1987) excerpt and text search Rhodes, Martin; Wright, Vincent. "The European Steel Unions and the Steel Crisis, 1974–84: A Study in the Demise of Traditional Unionism," British Journal of Political Science, Apr 1988, Vol. 18 Issue 2, pp 171–195 in JSTOR
The plant survived the collapse of the steel industry in the 1980s, which shuttered famous plants, like the Homestead Steel Works in Homestead, or the National Tube Works in Mckeesport, and became the last integrated mill in the valley, an area which once contained 90,000 people employed in the basic steel industry. [10]
Nippon Steel has scheduled the deal to close later this year. Once the world’s largest corporation, U.S. Steel was the world’s 27th-largest steelmaker in 2023, according to World Steel Association figures. It reported just under $900 million in net income on $16 billion in sales last year.
And the Wolf Finally Came: The Decline of the American Steel Industry (1988) excerpt and text search; Hogan, William T. Economic History of the Iron and Steel Industry in the United States (5 vol 1971) monumental detail; Ingham, John N. The Iron Barons: A Social Analysis of an American Urban Elite, 1874-1965 (1978) Krass, Peter. Carnegie (2002).
(Reuters) -U.S. Steel would close mills and likely move its headquarters out of Pittsburgh if the $14.9 billion buyout by Nippon Steel collapses, the Wall Street Journal reported on Wednesday ...
Steel is an alloy composed of between 0.2 and 2.0 percent carbon, with the balance being iron. From prehistory through the creation of the blast furnace, iron was produced from iron ore as wrought iron, 99.82–100 percent Fe, and the process of making steel involved adding carbon to iron, usually in a serendipitous manner, in the forge, or via the cementation process.