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United States Steel Corporation
Page entitled :
Outstanding profits of the steel trusts
Content of this page is about :
How the combinations of steel products manufacturers were extremely
profitable after their formation thanks to improved economic condition and
near monopoly position
Extract :
... the economy was
improving and the increased consumption led to capital expenditure by
railroads, utilities and industrial corporations, which in turn fed the
steel industry with a huge pent-up demand. With larger demand and control of
up to 90% of the US production capacity in certain specialties, the steel
trusts reaped huge profits right in the first years of their existence. ...
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