The shale revolution and abundant natural gas allow for direct reduction iron production that is probably more economical than blast furnace production.
Exactly.
Big Steel didn’t accept advancements until they were flogged by superior foreign technology. By the time they acknowleged it, it was too late. Allentown.
We can hope they pull their heads out and embrace advancments in the industry. If it’s locally owned, I see some promise.
DRI produces less pure iron that must then be further refined in whatever furnace is used to convert it to steel, which is a solved problem but one that introduces some complexity. Blast furnaces produce a more pure iron product.