Comment

Comment by ryzvonusef

on why it failed:

    > US Steel and other steelmakers eventually followed those foreign competitors to upgrade factories and equipment, but they still largely used the older methods to make steel by melting raw materials such as iron ore in giant blast furnaces.

    > Those “integrated” steelmakers soon lagged behind so-called “mini-mills,” nonunion competitors that use more efficient electric arc furnaces to turn old steel scrap from discarded cars and other products into new steel products.

    > US Steel didn’t open its first electric arc furnace until 2020.
So the question is... did unions prevent a path to upgradation to new tech?
parent ryzvonusef 2 years ago

Discussion

Live from the official Hacker News API

A modern reader for Hacker News · SvelteKit + Skeleton