Federal Triangle: The Antiquated Industry

For the second time in three years the American steel industry is in crisis mode...in a class example of why protection does not create a competitive industry.

The announced meeting topic in late February was "What's Wrong With the Steel Industry - Again?," a subject visited several times since this column first appeared nearly three decades ago. In fact, as noted by David Phelps, President of American Institute for International Steel (AIIS), "For the second time in three years the American steel industry is in crisis mode... in a classic example of why protection does not create a competitive industry." This protection, which has cost the nation dearly, deserves evaluation and change.