Like Texas and taxes, the U.S. steel industrywhich last week announced that it expects to produce a record of more than 120 million tons this yearis usually associated with bigness. Eight dominant companies, led by U.S. Steel (nicknamed Big Steel), account for three-quarters of the nation's output. But there is also an important Small Steel. Unlike the auto industry, which supports only four major makers, the steel industry has more than 200 producers. Their share of total production may be modest, but they are profiting by the current boom in steel and playing...
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