Vastly increased the quality and decreased the price of steel. Unlike the iron furnaces, that created small amounts of high strength iron, the Bessemer process created enormous amounts of much stronger steel. The Bessemer process is still in use today.
On Aug. 24, 1856, Bessemer described the process of forcing air through steel that dramatically increased the strength of the steel, creating modern steel.
His steel-making company did well and he was eventually rewarded financially and given a knighthood.
Besides making steel stronger Bessemer’s process also dramatically decreased the price of steel. Over time, prices reduced by an order of magnitude from 1873 to 1893.
American William began similar experiments years before Bessemer, in 1847. However, he lacked the finances to prove and patent his method.