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Mini Mills: Steel :

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...faced with severe competition from lower cost imports but for the last several years, they have had a new competitor. This time, a domestic one called mini mills. Mini mills make steel sheet and large structural girders, which have been the key part of integrated steelmakers. Minis have had previous success selling lightweight steel products such as wire rods, light structural beams and reinforcing bars. They are able to price their products lower than the big steel mills because they melt scrap metal in very efficient electric furnaces. By comparison, the giant mills use coke ovens and blast furnaces.
Large steel mills have taken a number of steps to cut costs but even so, mini mills will keep the competitive advantage because they have lower costs for raw material and also because they offer flexible work schedules that result in higher productivity. In 1987, Robert Crandall from Brookings Institution said that "the scrap-based mini-mills could double their share of U.S. steel output to 40% by the end of...

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