"Your Highness, we have integrated a total of 17 steel enterprises from the German region, among which there are 3 large steel enterprises, while the rest are medium and small steel enterprises. By national category, there are 8 steel enterprises from the Austro-Hungarian Empire, 7 from Germany, and 2 from Luxembourg."
Since 1870, Luxembourg began extensive mining of domestic iron ores and, based on the Thomas Steelmaking Method, vigorously developed its steel industry, achieving considerable progress. The two large steel companies acquired by East Africa are both from Luxembourg, while another large steel company comes from the Ruhr region.
In 1873, Germany's industrial development reached an unprecedented peak. In just a few years, its steel mills skyrocketed from the original 920 to 1,720, and the production of pig iron doubled to 2 million tons. Hence, the steel enterprises taken by Ernst were just a drop in the bucket for Germany.
