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:: Tuesday, July 05, 2005 ::
Steel industry forged by globalization - By Connie Mabin, AP
CLEVELAND - In steel cities across America, massive abandoned mills tell the story: The U.S. industry used to be giant, with dozens of thriving companies in nearly every state.
Today, the biggest steelmakers mostly have addresses abroad, and the number of independents is dwindling.
International ties are increasingly entangled: Paychecks from European employers are cashed by steelworkers in Cleveland, burgeoning businesses in China are coached by American executives, and Russians are helping to rebuild aging coke ovens in West Virginia.------------------------------------------- posted 12:10 AM :: reference link ::
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