This is great for steel companies, not so great for steel consumers …
It’s an interesting article. No earth shattering information but it is being published in a newspaper for normal people, not a trade journal, so that’s good.
Before the steel industry’s recent consolidation, it had one big problem.
It couldn’t stop making steel.
When times got tough and steel prices dipped below profitable margins, steel makers kept churning out coils at high volume, like an assembly line stuck on ‘go.’