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Nucor produces recycled steel through arc furnaces, you need blast furnaces for producing steel from ore. USS and CF have combined have like 96% of the blast furnace capacity in the US. No way this merger would be approved by FTC.
Dude. I am a metallurgist. I am familiar with ether operations. This emoji mills are electric arc furnaces that utilize scrap material. Now with that being said, this work well. Scrap is generally going to be cheaper in comparison to producing steel from raw materials which why they grew to dominate the USA steel industry.
Now what Nucor doesn’t do is produce iron/steel from the raw ore( mostly, they have a couple Direct reduction iron plants but it ain’t a lot of their capacity). This is what US steal and Cleveland Cliffs currently does at the large steel mills.
They did it even recently by wasting resources on Arc rather than focusing on shedding all this excess glut. Not investing more on their ARM cpu at the same time
They still have employee 125k employee count in 2024 while AMD has just 40k..
Finished replaying ff7, going to move onto ff9 as my next replay. I am not ready to understand my boy Vivi with a more adult context, even as a younger kid his story arc ethered me.