Into the Night
Verified User
You are just showing your illiteracy. Insulting people gets you nowhere.
Canada, Mexico Steelmakers Refuse New US Orders
- Thread starter Guno צְבִי
- Start date
Into the Night
Verified User
There are already steel plants in the United States, Wally.
Into the Night
Verified User
Make it here.
Into the Night
Verified User
Make it here.
Into the Night
Verified User
Don't pay a tariff. Make the steel here.
Into the Night
Verified User
He never learned basic anatomy. He is also still probably confused with genders.I don't believe that's possible, but thanks for the thought, I suppose.
Into the Night
Verified User
It's easy to make steel, Sybil, as long as get a fire hot enough.
Yes...steel is made in the United States.
Making good steel cheaply not so much.
It won't take long to get funding to build a steelworks, design it, build it, and train its staff? I can see you have never built anything.
In the real world, Nippon steel, the most efficient maker of steel in the world, offered to buy US steel, the least efficient maker of steel. As part of that purchase, they would transfer technology to the US, and invest heavily in the US. That will not happen. It looked doubtful Biden would let it happen, but it is completely impossible that trump will let it happen.
So either US Steel will circle the drain for a few years, or will be bought out by Cleveland-Cliffs. If it circles the drain for a few years, there will be much less investment, and no research to develop the more efficient processes. If it is bought out by Cleveland-Cliffs, both will be even worse.
With tariffs, or even the threats of tariffs, it looks like the steel industries collapse might actually kill the car industry, and even construction.
Let's try to switch the Bethlehem Steel plant from a casino to a steel plant. I am sure that will only take a few decades.
And that is why US Steel is the least efficient makers of steel; they think that you just have to get a hot fire.
Here is a hint, the very productive makers of steel are mostly switching to electric furnaces.
For scrap metal, without doubt. And given the amount of scrap metal in the USA, it is just criminal we are not using more electric furnaces.
For raw ore... A few years ago, I would say that electric furnaces might not be the best... But Nippon Steel seems to be using electric furnaces well with that too.
One good thing about my sojourn into finance is I have been surrounded by people intensely interested in EVERYTHING. Finance people study everything from suburban Californian teen style to Ghana cocoa production looking to make a buck. It rubs off on me.
Being a specialist in fintech has made me a generalist in tech tech.
Is that a fact?
Are they giving us that 33 million megawatts for free?
Electric power Import from Canada in 2023 in megawatts - 33,225,087
It probably takes over a year to build a new steel mill. What are you suggesting we do until then? Eat cake?
Doesn't have to be cheap. Have we not learned from the subversion of our economy to China how expensive cheap goods are in the long run?
We'll get by. We closed the whole fucking country not long ago for a year over Fauci's virus.
And we added trillions in debt to keep from going into a deep recession.
We have to break the cycle of outsourcing everything to save a buck. It's fool's gold.
We're in deep now so it's going to hurt. Better now than later.
America has something most countries do not. The ability to be self sufficient if we need to be. Yes the spoiled generations who have never known anything else will complain but it has to be fixed.