Steve’s Barking: Where have you gone Bethlehem Steel?

 Where have you gone Bethlehem Steel, the nation sends it lonely eyes to you.

  Now that we the United States has decided in our wisdom to put tariffs  on steel costing those who want to build new manufacturing plants an arm and a leg. We in the United States do not have the capacity to produce more steel. The Steel that we do produce is inferior then that produced in other counties for the reason that when the American Steel companies had the chance to upgrade their steel making factories to a more modern factories with the enormous profits that they were getting in the 50s and the 60s they didn’t do it.

 Now as I recall there was a lawsuit filed against the tariff that was on steel because the steel produced was inferior then those of foreign manufactures.

 Now as I also recall from one of the many college courses that I took, you lay tariffs to collect revenue and the other reason is to protect an industry, which at the present time the steel industry in the United States is just about at capacity so you are not protecting it.

* Bethlehem steel was a top notch steel company in the US that is no longer in business and the major steel company US Steel, steel making capacity is greatly diminished.