How Stubbornness Killed US Steel

Get the Business Ideas Database ➡️ https://clickhubspot.com/srd Once upon a time, US Steel was the manufacturing success story. It was so big that it produced over two-thirds of the world’s steel and Wall Street referred to it as just “The Corporation.” Now, it’s on the brink of being sold to Japan’s Nippon Steel for $15B. If you know the history of the global steel industry, you’ll know how deeply ironic it is that US Steel may be owned by a Japanese company given how “The Corporation” spent much of the 20th century trying to combat Japan’s rising steel dominance. But while US Steel was glaring east, they and the rest of the old-school United States steel industry overlooked the real threat that lay just a few states away… This video was hosted and produced by Karin Shedd. Sources: Investopedia https://www.investopedia.com/ask/answers/09/1-billion-market-cap.asp The Pittsburgh Post-Gazette https://web.archive.org/web/20181012210047/http://old.post-gazette.com/businessnews/20010225ussteel2.asp The New York Times https://www.nytimes.com/2023/12/18/business/us-steel-nippon-steel-deal.html World Steel Association https://worldsteel.org/data/top-producers/ Nucor Corporation https://www.youtube.com/@Nucor_Corporation Washington & Lee University https://econ243.academic.wlu.edu/2016/03/07/bof-and-eaf-steels-what-are-the-differences/ Metalforming Magazine https://www.metalformingmagazine.com/article/?/materials/mild-steel/a-brief-history-of-steelmaking-gu Nat’l Iron & Steel Heritage Museum https://steelmuseum.org/steelmaking_exhibit_2016/open_hearth.cfm J. of Economics & Politics https://collected.jcu.edu/cgi/viewcontent.cgi?article=1007&context=jep US Geological Survey Int’l Monetary Fund https://www.elibrary.imf.org/view/journals/022/0024/004/article-A009-en.xml Construction Physics https://www.construction-physics.com/p/no-inventions-no-innovations-a-history The New Yorker https://www.newyorker.com/magazine/2012/05/14/when-giants-fail Planet Money https://www.npr.org/transcripts/1197958509 The Washington Post https://www.washingtonpost.com/archive/business/2001/10/16/bethlehem-steel-files-for-bankruptcy/ba652f60-f009-46c8-864e-20df5a8d2584/ Congressional Research Service https://www.everycrsreport.com/files/20031110_RL31748_d1c2f25f8d34b8191b3d873c8a53698e9ff6365f.pdf Get the 5-minute newsletter keeping 2M+ innovators in the loop: https://thehustle.co/join-free-2