Actually the reality is that American steel companies brought in Japanese, Swiss and German engineers to view the new steel making process called continuous casting.
The went back to their home countries and built new mills while the corporatists at U.S. Steel thought they would always reign on high in the world of steel.
They did not build new mills but thought that the existing mills would be able to keep up production.
You really only know the capitalist party line and don't look much further, do you?
Since you're against CAPITALISM, you really should consider moving to Cuba or perhaps even N.Korea..."worker's paradises" both. :-)