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That's really incredible. In the same time period the US population grew from about 80 million to 330 million. Roughly a quadrupling of the population and yet
by jandrese 3y ago
That's really incredible. In the same time period the US population grew from about 80 million to 330 million. Roughly a quadrupling of the population and yet they only produced 7% more steel. Feels more like a company that was run overly conservatively and basically grew old and died.
- Spooky23 3y agoIt’s a company that got nuked by foreign competition and technology changes in the 70s. Then it reinvented itself on a smaller scale in the 90s. End of the day, steel is a capital intense, low margin business dominated by Asian competition.