Henry A. Roemer was president of Sharon Steel Corporation

Sharon Steel Corporation

The Sharon Steel Corporation was once a steel plant, and is notable due to its contribution toward the growth of the iron and steel industry in the Shenango River Valley, Mercer County, Pennsylvania....

 from 1931 to 1957. After accepting the role as president, Roemer was able to set a prime example of how to run a business during the depression

Great Depression

The Great Depression was a severe worldwide economic depression in the decade preceding World War II. The timing of the Great Depression varied across nations, but in most countries it started in about 1929 and lasted until the late 1930s or early 1940s...

. At the beginning of his first term, the company was losing half a million on $10 million dollar sales. By the end of his presidency of the company, the Sharon Steel Corporation was producing $150 million dollars in revenue and $4 million in earnings per year. Over the course of this 26 year presidency, the Sharon Steel Corporation was one of the best known steel companies in the regional Midwest steel

Steel

Steel is an alloy that consists mostly of iron and has a carbon content between 0.2% and 2.1% by weight, depending on the grade. Carbon is the most common alloying material for iron, but various other alloying elements are used, such as manganese, chromium, vanadium, and tungsten...

industry. Roemer has been recognized as one as the greatest business leaders of the twentieth century