Comments by "mpetersen6" (@mpetersen6) on "The Strange Death of British Steel" video.

  1. Follow the money. Who benefited. For the most part Western steel plants cannot compete against foreign producers in the low end sheet steel or structural steel markets. On the alloy or tool steel ends of things the economics do get a little bit better. And in the alloy and tool steel business quality really counts. I know that steel plants in the US producing steel from raw materials are still able to operate (1). I'm not sure that they are US owned anymore though. The former US Steel (?) operation in Gary, Indiana is now owned by Mittal. 1) One sure way to tell is the ore boats are still carrying Taconite ore from Northern Minnesota on the Great Lakes.
    1