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    Cover of American steel

    American steel

    Richard Preston

    Economics & Finance
    Open LibraryAmazon
    Stats for nerds
    5recommend
    6mentions
    5people
    2018–2025years
    100% recommend

    Mentions per year

    20182019202020212022202320242025

    What Hacker News says

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      thread
    2. eej71Dec 2023
      For a fascinating read about Nucor, the competitor that surpassed US Steel, I'd recommend Richard Preston's American Steel.
      thread
    3. AnimatsDec 2023
      For an overview of how Nucor became #1 in the US steel industry, see "American Steel" (1992) by Richard Preston. The author was present for the building and startup of Nucor's first continuous thin sheet casting mini-mill. Nucor bought a new experimental continuous caster from a German company, after trying to build their own, and built a mill around it. This plant could turn scrap metal into sheet steel. "You could punch garbage cans out of it all day." Gradually, the quality improved, and soon they were making steel for auto parts. Previously, steel recycling just produced lower grade steel - cars in, rebar out. So this closed the recycling cycle.

      The amount of steel in use per capita in developed countries seems to have reached a constant level. About 69% of steel produced in the US is the same steel going round and round. If you ignore rebar, low-grade steel stuck inside concrete, it's even higher. It's the developing countries that are still making and using new steel. They don't have enough steel infrastructure yet.

      "Mini-mill", in this context, means "smaller than a square mile". Here's Nucor's Crawfordsville plant.[1] It's not small. Compare with US Steel's Gary Works.[2] That century old plant is just about their last remaining big plant in the US.

      US Steel somehow missed this change.

      [1] https://earth.google.com/web/@39.97805108,-86.8271336,264.41...

      [2] https://earth.google.com/web/@41.62932676,-87.36187513,174.7...

      thread
    4. eej71Jan 2023
      The book American Steel by Richard Preston is an engaging read about the rise of Nucor.
      thread
    5. pfdietzFeb 2022
      Iron/carbon phase diagram: http://www.substech.com/dokuwiki/doku.php?id=iron-carbon_pha...

      The eutectic of iron and carbon (mixture with the minimum melting point) is 4.3% carbon by mass.

      There's a chapter from Richard Preston's "American Steel" (a 1992 book that I highly recommend about the Nucor minimill in Crawfordsville, Indiana) where they find at one point during the startup of the then-cutting-edge continuous casting line that the steel in arc furnace had too little carbon. They decided to solve that (expensively, for the purpose of the testing) by dipping the electrodes into the steel and letting their ends dissolve.

      thread
    6. timdellingerJun 2018
      American Steel by Richard Preston is under-appreciated. A market opportunity is identified, and a so-crazy-that-it-just-might-work design for a new type of steel mill is pursued by crazy maverick cowboys. The true story of Nucor Steel.
      thread

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