NEW METHOD OF IRON MAKING.
A new method of “ iron-making ” is said to have been invented by Mr Enoch Gittings, junior, of the Wisemore Iron and Steel Works, Wasall (England), which it is promised will revolutionise the steel works. The process extracts refuse and enormously reduces labor, two men being able to produce as much as a hundred under the present system. For the first time in the history of ironmaking the laborious process of puddling is entirely superseded. The article procured is absolutely pure; its tensile strength is superior to the best Lowmoor iron, sustaining a reduction in diameter of 66 per cent before showing signs of fracture. It can be used for any purposes for which soft steel is now used. The American experts, when Mr Gittings was over there, were very enthusiastic over it, and were ready to pay any price for the patent. The inventor believes that it will wipe out the Bessemer and other systems, because it is cheaper in manufacture than any of them.
The Steel Trust.
How important to the industry of the United States is the resumption of work in the mills of the Steel Trust will be shown by this brief table of the annual output in tons of its principal constituents :
Carnegie Steel Company ... 3,850,000 Federal Steel Company ... 2,500,000 National Steel Company ... 1,800,000 American Steel Hoop Company 700,000 American Steel and Wire Co. 1,500,000 National Tube Company ... 700,000 American Steel Sheet Co. ... 325,000 Total 11,375,000 This single corporation, controlled by comparatively few men and equipped with the most costly and complete machinery, make more than one-third of the steel products of the entire world. The Carnegie Company alone produce more than twice as much as all France ; the Federal Company twice as much as all Russia; and all Great Britain itself produces a million tons less than these two companies combined. In no other country is anywhere near so large a part of the iron product turned into
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Greymouth Evening Star, Volume XXXI, 7 December 1901, Page 4
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328NEW METHOD OF IRON MAKING. Greymouth Evening Star, Volume XXXI, 7 December 1901, Page 4
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