Sunday, February 26, 2006

You probably don't care

But since I work in the steel industry, I find the hostile takeover bid by Mittal Steel of Arcelor Steel quite interesting. Like everything else, most of the steel companies in the world are starting to be controlled by a few companies ... very few of the them U.S. companies. My mill is owned by a Brazillian company, and Mittal and Nippan both own many of the other U.S. mills. It's becoming more and more difficult for U.S. companies to compete with the upcoming Asian markets. This is especcially true in the North East, where power costs more than anywhere else in the country, people get paid more and we're next to an ocean so importing is becoming a serious issue. I guess it's why so many companies are embracing lean manufacturing (after Japan whooped the U.S. for a few years I guess).

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