The transition from massive to not massive must have happened last year when U.S. coal production dropped to 740 million tons.
Lack of takeaway capacity in the Marcellus/Utica basin makes finding a job in that game quite an undertaking.
US BOF steel production was 1/3 of the total last year. Not sure if that counts as a niche or not. However, the book about Nucor from 25 years ago and the tendency for arc furnace plants to operate as open shops made them heroes in some circles.
If so much is being produced why are all these guys out of work???
"Lack of takeaway capacity in the Marcellus/Utica basin makes finding a job in that game quite an undertaking."
And what, precisely, causes a "lack of takeaway capacity".