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13min chapter
How Big Steel in the U.S. fell
Planet Money
Rise and Fall of Traditional Steel Making in the US
Exploring the evolution of steel production methods in the US, this chapter delves into the historical prosperity of traditional steel mills through the open hearth furnace. It discusses the impact of labor strikes, wage-price cycles, and the resistance to adopting new technologies on the downfall of big steel corporations. The narrative culminates in the emergence of mini mills as a compact and efficient alternative, challenging the dominance of traditional big steel companies.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode