Chapter 2
Chapter 2 — "The Chain"
TL;DR: Hank Rearden watches the first heat of Rearden Metal pour at his Pennsylvania mill, then walks home through the industrial night carrying a bracelet of the new alloy as a gift — and gives it to a wife and family who treat his triumph as an embarrassment.

Summary: At Rearden Steel outside Philadelphia, Hank Rearden stands beside the Number Seven furnace as the first commercial heat of Rearden Metal — ten years of his work — pours in a torrent of white-orange light, hardening into rails for Dagny Taggart's Rio Norte Line. In his coat pocket is a small chain bracelet, the very first object made from the new alloy, intended for his wife Lillian. He walks home along a frozen road past the dark mill at night, alone with the satisfaction of work done. Inside his cold mansion he finds Lillian, his mother, his idle brother Philip, and his old friend Paul Larkin assembled in the drawing room; they treat his lateness as a slight and his work as a tedious obsession. Philip asks him to fund a charity called Friends of Global Progress; his mother needles him for being unloving; Lillian receives the bracelet with theatrical, mocking gratitude — comparing the greenish-blue links to a chain. Larkin, alone with him afterward, hints uneasily that Rearden has enemies in Washington and that he should hire a lobbyist.
Key scenes:
- The first pour of Rearden Metal: white-orange torrent, sparks, the dark cathedral of the mill
- Rearden walking home in winter dark along the rim of the slag heap, lights of the mill behind him
- The drawing-room tableau — three relatives and Larkin under chandelier light, indifferent to him
- Presenting the bracelet to Lillian; her "It will be a chain to remind me I am chained to you" remark
- Larkin's quiet warning on the terrace — "you ought to be friendly with the boys in Washington"
Characters present: Hank Rearden, Lillian Rearden, Mrs. Rearden (Hank's mother), Philip Rearden, Paul Larkin
Locations / settings:
- Rearden Steel mill exterior at night — Bessemer-converter stacks, slag glow, snow on the ground
- Open-hearth furnace floor — molten metal pour, men in protective gear silhouetted against fire
- The frozen company road from mill to house
- The Rearden mansion: cold, ornate, dim drawing room, chandelier, fire that gives no warmth, evening clothes
Visual motifs: torrent of molten metal in white-orange against deep blue-black, links of greenish-blue Rearden Metal forming a bracelet/chain, lone industrialist walking the snow with mill stacks behind him, chandelier light over hostile faces
Emotional tone: triumphant, lonely, alienated, quietly cruel
Confidence: high — chapter is one of the most-cited in study guides (the bracelet scene is iconic) and corroborated across SparkNotes, GradeSaver, CliffsNotes.