re: #84 AmeriDan
As far as I know, S. Korea’s steel industry pretty much has it’s shit together (despite being a virtual monopoly). Now that cap & trade has passed, they no longer have to worry about competition from companies like Trinity, US Steel or NuCor.
EU-based Arcelor-Mittal has zero reason to keep operating any of the Midwestern mills and foundries if the price of energy is going to skyrocket here.