The Bethlehem Steel Corporation, based in Bethlehem, Pennsylvania, was once the second-largest steel producer in the United States, after Pittsburgh, Pennsylvania-based U.S. Steel.
Bethlehem Steel was also one of the largest shipbuilding companies in the world and one of the most powerful symbols of American industrial manufacturing leadership. Bethlehem Steel's demise is often cited as one of the most prominent examples of the U.S. economy's shift away from industrial manufacturing, its inability to compete with cheap foreign labor, and its traits of business management that value short-term benefit over long-term strategy.
The site of the company's former main plant, in Bethlehem, PA, is now home to an arts and entertainment district called SteelStacks. The plant's 5 blast furnaces have been left standing and serve as the back drop for this new campus.