In essence, they are blaming the steel workers of these countries. Many of the foreign steel importers are U.S.-owned. Thus, U.S. corporations are buying the cheaper steel from their own foreign subsidiaries. The steel industry is a perfect example of the effects of globalization. The U.S.-owned steel conglomerates have become so huge, so powerful and dominant that they control everything in the steel industry worldwide.
Global corporations are different than monopoly corporations.
Their structure, policies and actions are different. These new global giants have developed new strategies to fit this new structure. One is the spinning off of subsidiaries to create the appearance of different ownership to make it difficult to determine who really owns, controls and runs the corporation. The result is that U.S. mills are being closed and thousands of workers laid off. Unemployment is now at a crisis level in steel.