Working rail roads and their tracks.

   / Working rail roads and their tracks.
  • Thread Starter
#3,361  
Those were the days....

These are the days!

View attachment 851588
LTV closed in 2003 during that downturn in production. That's who my father-in-law retired from. This graft is confusing since is shows that LTV used natural ore but he worked in their pellet plant..
 
   / Working rail roads and their tracks. #3,362  
LTV closed in 2003 during that downturn in production. That's who my father-in-law retired from.

Wow - LTV. Brings back memories.

I knew Paul Thayer (former CEO of LTV) when he was on the board of Anheuser-Busch.

He was convicted of insider trading by giving insider information to his mistress at the time.
Huge scandal back in the day.
 
   / Working rail roads and their tracks. #3,363  
Those were the days....

These are the days!

View attachment 851588

Yeah, one small spot in the country.
Lets see the rest.



Steel production is in the toilet. Down 50% since 1969.

1707615074672.png


Also, look at how many companies that were American are no longer. Now foreign owned.

Let’s see you spin that into sunshine mossy…
 
Last edited:
   / Working rail roads and their tracks. #3,364  
LTV closed in 2003 during that downturn in production. That's who my father-in-law retired from. This graft is confusing since is shows that LTV used natural ore but he worked in their pellet plant..
LTV dissolved in 2001. It took a while for their assets to get bought up, as I understood it.
 
   / Working rail roads and their tracks. #3,365  
Yeah, one small spot in the country.
Lets see the rest.



Steel production is in the toilet. Down 50% since 1969.

View attachment 851614

Also, look at how many companies that were American are no longer. Now foreign owned.

Let’s see you spin that into sunshine mossy…
I was referring to iron ore production, not steel production.

As for 1 small spot in the country, 4 of the 5 largest iron ore mines in the US are in Minnesota, and the 5th is next door in Michigan.

If you look at steel production in the US, it hasn't changed much in 40 years.

It tanked in the 70s due to cheaper imports. As that happened, industry consolidation ended up with the closing of many smaller mills and concentrating in northwest Indiana. Indiana has, since the mid 70s, produced about 1/4 of all steel produced in the US.

Their source of iron ore? Minnesota and Michigan.

The US is #4 in steel production world wide. Considering that the US is not even in the top 10 of world iron ore production, that's pretty amazing.

 
   / Working rail roads and their tracks. #3,366  
 
   / Working rail roads and their tracks. #3,368  
LTV dissolved in 2001. It took a while for their assets to get bought up, as I understood it.
My mother in-law worked on the assembly line for AM General when it was owned by LTV for a while. ;)
 
   / Working rail roads and their tracks. #3,369  
The US is #4 in steel production world wide. Considering that the US is not even in the top 10 of world iron ore production, that's pretty amazing.


What is truly amazing is Japan is #3 in world wide steel production yet produces no iron ore.
 

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