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0 pointsSabinus5y ago0 comments

>Mills were producing steel well below cost for a long time

How is this possible? Government subsidies?

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3 comments · 2 top-level

pestatije5y ago· 1 in thread

It's cheaper than stopping production.

Notably, steel blast furnaces go offline once every 10~20 years, and that's to replace the firebrick lining on the inside. They take months to ramp up, and at least weeks with no output.

angry_octet5y ago

Yes, it's the remnants of the command economy and production targets, but generally structured as state owned companies.

As others have pointed out, you don't easily stop and start foundries.

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