Have to add a caveat from someone who works within the steel industry. Doomberg said that Chinese importing has led to the consolidation and contraction of the domestic steel industry but that is just not true. Less than 4% of steel consumed in the US originates in China and the US steel industry remains robust in volumes. Most of the sh…
Have to add a caveat from someone who works within the steel industry. Doomberg said that Chinese importing has led to the consolidation and contraction of the domestic steel industry but that is just not true. Less than 4% of steel consumed in the US originates in China and the US steel industry remains robust in volumes. Most of the shift away from tradition rust belt mills is driven by a) the industry running away from labor unions and b) a shift in production from blast furnaces to scrap recycling mini mills
Have to add a caveat from someone who works within the steel industry. Doomberg said that Chinese importing has led to the consolidation and contraction of the domestic steel industry but that is just not true. Less than 4% of steel consumed in the US originates in China and the US steel industry remains robust in volumes. Most of the shift away from tradition rust belt mills is driven by a) the industry running away from labor unions and b) a shift in production from blast furnaces to scrap recycling mini mills