Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

Steel as well. The big integrated U.S. steelmakers like U.S. Steel went bankrupt because most steel today is no longer produced from iron ore. Rather, something like 80% of the steel produced today is made by melting down scrap steel in electric arc furnaces, which is a completely different technology & supply chain stack.


Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: