Thirty years ago, the American steel industry went through an experience similar to today’s crisis in Detroit. I remember writing a page one story for the New York Times in 1977 about a stunning third-quarter loss at Bethlehem Steel, which announced plans to close mills in Johnstown, PA and Lackawanna, NY. Many of the great old names of American steel, like Bethlehem, National, Armco, and J&L, all disappeared. Their assets closed or were bought and improved. Only United States Steel survived as a corporate entity, albeit a very different one. There were many cries of despair, in particular that we needed a domestic steel industry for national defense. But there was no bail-out. The American steel industry re-emerged, pretty quickly really, in a new form. Entrepreneurs launched new mills that operated with electric furnaces fed with scrap. In general, the industry became more customer focused, and less production focused. American steel is very competitive today.
The auto industry needs to go through the same economic Darwinian process.
A composite based on a high-performance PEEK-like resin we told you about two years ago when it was still in R&D has now been licensed by the US Naval Research Laboratory (NRL) for commercial manufacturing.
Microsoft, HP, Dassault, and other industry heavyweights in 3D printing have launched a new 3DP file format, 3MF. The consortium says the spec will more fully describe a 3D model and will be interoperable with multiple applications, platforms, services, and printers.
NASA's been working on several different ongoing projects for 3D-printed rocket engine components in metals and now it's reached another first in aerospace 3D printing: a full-scale, 3D-printed rocket engine component made of copper.
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