September 1, 2007

Private Equity's Plunder

Private equity has been a significant player in the metals industry's M&A boom. Some companies have prospered, but greed and a reluctance to reinvest in the business may threaten the long-term outlook.

So there are limits, after all, on what private equity can do. For a while there, it seemed as though the private equity operators, with billions of dollars to invest, were invincible—almost like forces of […] Read More

July 1, 2007

Fresh Take On Trade

Ralph Gomory's storied research career has taken a new turn with theories about global commerce that serve as an intellectual underpinning for the “free and fair” commerce arguments.

Ralph E. Gomory is barely known by anyone in the metals industry. But there’s little doubt that this pioneering mathematician, former senior executive of IBM and now president of the Alfred P. Sloan Foundation has […] Read More

July 1, 2007

In Search of a Coalition

Diverse constituencies try to find common ground in the fight to preserve domestic manufacturing.

Peter Navarro, the California professor and China warrior du jour, is blunt when he talks about the state of the political opposition to the most egregious Chinese trade practices.The problem, he says, is that groups trying […] Read More

May 1, 2007


What motivates the continued huge surge in Chinese steel production? Is it market ineptitude, policy paralysis or a determination to swamp the rest of the world with unneeded metal?

It’s difficult for the buttoned-down, market-oriented capitalist mind to comprehend just how illogical and crazy-eyed the Chinese steel behemoth has become in the last year.China, the world’s third-largest exporter and fourth-largest economy, seems unable or […] Read More

May 1, 2007


The front runners for the 2008 presidential campaign mention manufacturing, but no one has a platform to advance free and fair trade.

On paper at least, the best presidential candidate for domestic manufacturing barely registers in the national polls and is hardly known outside his San Diego Congressional district.He is Duncan Hunter, the Republican who is a […] Read More