alt Hacker NewsAlso those old open hearth furnaces are long gone, see
https://www.youtube.com/watch?v=BHnJp0oyOxs
There are people making top quality steel in the US today by modern methods but it wasn't like the new replaced the old, the old mostly disappeared and we got a little bit of the new.
Yes, I should have been more clear there: they could catch up in volume but it will require a different mindset if they want to become a net exporter of such items.