Trump’s Steel Trade Claims – FactCheck.org

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“minimills,” which produce steel from scrap metal utilizing electric arc furnace, or EAF, technology. In 2002, minimills for the primary time overtook the traditional blast furnace mills for steel production, in response to a 2003 government report on the “changing profile” of the U.S. Moss described the change as “a classic US industrial story of ‘creative destruction,’” which “neither Europe nor Japan” allowed to happen, partially, due to the “industrial and social disruption” it will have induced. There’s the declining blast furnace primarily based trade and there’s the thriving and rising electric arc furnace based mostly trade,” Moss mentioned. EAF industry has been thriving.

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