Steel Ores Co. - 1905 dated $1,000 New York Specimen Bond

$1,000 6% Specimen Bond printed by Litho. Franklin-Lee Bank Note Co., NY. All coupons remain. Steelmaking refers to the method of creating steel from iron ore and/or scrap materials. This process involves the elimination of impurities, including nitrogen, silicon, phosphorus, sulfur, and notably, excess carbon, from the iron. Additionally, various alloying elements such as manganese, nickel, chromium, carbon, and vanadium are incorporated to achieve different steel grades.

Although steelmaking has been practiced for thousands of years, it only became a large-scale commercial endeavor in the mid-19th century. The crucible process was one of the earliest methods used in steel production. However, during the 1850s and 1860s, the introduction of the Bessemer process and the Siemens-Martin process revolutionized steelmaking, establishing it as a significant industrial sector.