Comments by "craxd1" (@craxd1) on "The Strange Death of British Steel" video.

  1. They've tried to pull the same thing in the US, by banning the construction of new blast furnaces, and coke plants. That leaves buying steel abroad, where western companies offshored to.
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  2. Jeffery Sachs' lot (Earth Institute).
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  3.  @vissermatt1058  Reuters: NEW YORK/CHICAGO, Sept 5 (Reuters) - High costs and environmental opposition have prevented the construction of blast furnaces at steel mills in the United States since 1980. Cleveland-Cliffs Inc (CLF.N), opens new tab CEO Lourenco Goncalves is on a mission to snap up all that are left. Since joining the U.S. steelmaker in 2014 as part of an activist hedge fund's board takeover, Goncalves has made blast furnaces a hallmark of his strategy, positioning Cliffs as an outlier in an industry shifting towards cheaper and more environmentally friendly electric arc furnaces. End Quote The EPA and the DOJ stepped in, and wouldn't allow AK Steel to rebuild their furnaces at Ashland. They also sued over their coke plant, forcing it to close, all over environmental regulations. A blast furnace and an electric arc furnace are horses of a different color.
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