The steel industry in The United States took off after the Civil War with a rapid demand and increasing production. Steel production rapidly increased in the 20th century owing to technological advancements that allowed for more production capacity.
As per the current status on the US steel industry, there are roughly more than eighty thousand people employed in the American steel mills. However, there has been a decline in the country’s production capacity due to nations like China and Japan contributing more to the total steel supply worldwide.
The future seems optimistic as even after the decline since the boom in the 20th century, the USA still ranks fourth in the world after China, Japan, and India when it comes to crude steel production.
Besides the economics of the steel industry, steel is one of the versatile materials on the planet. From cars, trucks, mobile phones, and construction, steel is used in many things and plays a major role in the development of a nation.
So, here are some of the interesting facts about steel you might not have known.
1. Steel is More Elastic than Rubber
Elasticity refers to the ability of a material to shape back to its original form after being deformed. So, in that terms, steel is more elastic than rubber because it can revert to its original shape much more quickly. This fact can be proven by studying Young’s Modulus of elasticity.
2. Steel is Stronger than Iron
Steel is an alloy of iron and carbon with traces of some other elements as well. Compared to pure iron, steel has superior strength and tensile strength when even small amounts of carbon are added to iron. However, comparing steel with pure iron, steel is approximately a thousand times stronger than iron.
3. It is one of the Most Recycled Materials in the World
Newly extracted steel isn’t used in the majority of steel goods and items. They’re constructed of steel that’s been recycled. According to statistics, steel has a recycling rate of over sixty percent globally, which means that more than half of all steel is recycled and reused. Steel can be melted down to shape it into new products making it simple to recycle.
4. Over Two Million People Work in the Steel Industry
The steel industry business has existed for centuries, and while it has had its ups and downs, it is safe to say that it is in good shape. Over 2 million people are estimated to work in the steel sector worldwide.
5. Scrapped Cars Yield a Lot of Utility Poles
When an old automobile approaches the end of its lifecycle, it is sent to a scrapyard and dismantled for components. Steel pieces that can’t be reused are recycled, and this recovered steel may be utilized to make utility poles, among many other things. An average scrapped vehicle can provide sufficient steel to make four utility poles as per the American Iron and Steel Institute (AISI).
As per the current status of the US steel industry, the numbers suggest it is not as glorious as it was back in the 20th century, but the steel industry is still an integral part of the country’s economy.