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Why big is no longer beautiful

机译:为什么大不再是美丽的

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摘要

In 1969, most of the world's steel was made by large integrated steel mills. In that year, a new technology, electric furnaces, made it possible to build mini-mills that could make steels 20% cheaper than the traditional large-scale mills, albeit at a lower quality. The mini-mills were also more flexible: they could follow market demand, be deployed faster and work with fluctuating qualities of steel. Yet not a single integrated steel company built a mini-mill -today, all but one integrated mill has gone bankrupt.
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