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Aside from their own high costs, the biggest blow to American steel makers in recent years has been the strong dollar, which makes all imports cheaper.
ECONOMIST: American steel
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After all, Europe's steel makers are enduring a double blow: prices were already low thanks to sluggish European demand in recent years, but they have been dragged down further by cheap imported steel from Asia and Eastern Europe.
ECONOMIST: European steel
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British steel workers, not surprisingly, feel aggrieved that Mr Mittal's American subsidiary wants the American government to impose steel import tariffs which would deal a blow to British exports.
ECONOMIST: Political donations
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This will be a blow-out decade for the domestic steel industry.
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He added that a successful bid would also deal a blow to China, whose fifth largest steel maker Wuhan Iron and Steel Corporation was seeking to acquire a 40% stake in Riversdale's Zambeze asset.
BBC: Rio Tinto raises bid for Australia's Riversdale
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Fans blow conch shells, bang out a rhythm on steel brake-drums, and tote all-day liquid picnics of cold beer and rum.
ECONOMIST: Hopes for a legacy from the cricket field
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The whole affair might blow over, much as did the furore surrounding George Bush's selective steel tariffs (much worse ones than Mr Obama's on tyres) back in 2002.
ECONOMIST: Barack Obama and free trade
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Even though you gotta figure Mr. Muscles is sportin' blue steel down there, he still has to jump around and yank the things off before they blow.
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