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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: the traveler who wrote (5586)	3/4/2018 2:30:35 AM
From: Robohogs	1 Recommendation Recommended By the traveler Respond to of 26766

Check out Biotech Values. Some comments there in last two days. MIC.

To: the traveler who wrote (5586)	3/6/2018 10:37:55 AM
From: Kirk ©	2 Recommendations Recommended By berniel the traveler Read Replies (1) \| Respond to of 26766

Has CNBsC missed this? How the U.S. Squandered Its Steel Superiority Spoiler alert: Unfair trade practices of foreign nations had nothing to do with it. "At the end of World War II, American steel had no real challengers. It produced nearly three quarters of the world’s steel, and the factories of its biggest competition -- Japan and Germany -- lay in ruins. Giants like U.S. Steel looked poised to dominate the world for the foreseeable future. Instead, the industry was lapped by foreign producers -- and unfair trade practices were simply not a factor. Instead, the blame lies with U.S. manufacturers who held onto the so-called “open hearth” method of steel production decades after its expiration date. .... This was madness. While Big Steel fiddled, basic-oxygen furnaces burned ever brighter around the world. So, too, did yet another method of making steel that was even more revolutionary: the electric-arc method. This technique used electricity to recycle iron scrap, turning it into steel. Unlike conventional steel mills, electric arc mills are small-scale enterprises that are easy to establish and cheap to build, even if they can’t produce anywhere near the scale of a conventional integrated mill. The Europeans began building these, too, en masse. As these two methods continued to take off in Europe, and then in Japan and elsewhere in Asia, American companies continued to add completely inefficient open-hearth furnaces to their shop floors, doubling down on an obsolescent technology." bloomberg.com