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>Mills were producing steel well below cost for a long time How is this possible? Government subsidies?
by Sabinus 6y ago
>Mills were producing steel well below cost for a long time
How is this possible? Government subsidies?
- pestatije 6y agoIt's cheaper than stopping production.
- namibj 6y agoNotably, steel blast furnaces go offline once every 10~20 years, and that's to replace the firebrick lining on the inside. They take months to ramp up, and at least weeks with no output.
- angry_octet 6y agoYes, it's the remnants of the command economy and production targets, but generally structured as state owned companies. As others have pointed out, you don't easily stop and start foundries.