Josh Smith
๐ค SpeakerAppearances Over Time
Podcast Appearances
Well, when you are short on money and you run a giant steel mill and you're short on money, you probably don't do a lot of maintenance, right? So when I looked into buying it and I started to get serious about looking into that, I was told, you're basically buying such a dilapidated problem that you would be better starting a steel manufacturing business in your field.
Well, when you are short on money and you run a giant steel mill and you're short on money, you probably don't do a lot of maintenance, right? So when I looked into buying it and I started to get serious about looking into that, I was told, you're basically buying such a dilapidated problem that you would be better starting a steel manufacturing business in your field.
Yeah. A giant, but potentially, I don't know this, but potentially environmental nightmare, you know, you, depending on their processes and what they do, safety nightmare compliance, right. Uh, You know, there was a lot of issues with that facility. So Aeristeel bought it. And really what they were buying was the technology and the customers, right?
Yeah. A giant, but potentially, I don't know this, but potentially environmental nightmare, you know, you, depending on their processes and what they do, safety nightmare compliance, right. Uh, You know, there was a lot of issues with that facility. So Aeristeel bought it. And really what they were buying was the technology and the customers, right?
Yeah. A giant, but potentially, I don't know this, but potentially environmental nightmare, you know, you, depending on their processes and what they do, safety nightmare compliance, right. Uh, You know, there was a lot of issues with that facility. So Aeristeel bought it. And really what they were buying was the technology and the customers, right?
They have the steel mills in Europe, in various places in Europe. They can make all that steel over there. And they basically just took a competitor off the board.
They have the steel mills in Europe, in various places in Europe. They can make all that steel over there. And they basically just took a competitor off the board.
They have the steel mills in Europe, in various places in Europe. They can make all that steel over there. And they basically just took a competitor off the board.
So that's the question. I mean, that's literally what we are trying to figure out today right now is like, are tariffs going to apply? I'm talking to some people in the Trump administration about like, could we even potentially, if tariffs will apply, can we get a carve out? You know, like with, when you look at tariffs and
So that's the question. I mean, that's literally what we are trying to figure out today right now is like, are tariffs going to apply? I'm talking to some people in the Trump administration about like, could we even potentially, if tariffs will apply, can we get a carve out? You know, like with, when you look at tariffs and
So that's the question. I mean, that's literally what we are trying to figure out today right now is like, are tariffs going to apply? I'm talking to some people in the Trump administration about like, could we even potentially, if tariffs will apply, can we get a carve out? You know, like with, when you look at tariffs and
Okay, tariffs, whether you agree with them or not, let's just assume that they're a good move, that that's a smart move by Trump. Let's just go with that one for a second. The problem is- Many people are not going to go along with you on that assumption, just so you know. I understand, yeah.
Okay, tariffs, whether you agree with them or not, let's just assume that they're a good move, that that's a smart move by Trump. Let's just go with that one for a second. The problem is- Many people are not going to go along with you on that assumption, just so you know. I understand, yeah.
Okay, tariffs, whether you agree with them or not, let's just assume that they're a good move, that that's a smart move by Trump. Let's just go with that one for a second. The problem is- Many people are not going to go along with you on that assumption, just so you know. I understand, yeah.
But assuming that we should tariff steel or any other good coming into America, the question- for us for manufacturing is, well, what are our other options? If there are no other options, if Trump is trying to force you to buy American versus buy cheaper Chinese or whatever, right? Cheaper European or whatever it might be.
But assuming that we should tariff steel or any other good coming into America, the question- for us for manufacturing is, well, what are our other options? If there are no other options, if Trump is trying to force you to buy American versus buy cheaper Chinese or whatever, right? Cheaper European or whatever it might be.
But assuming that we should tariff steel or any other good coming into America, the question- for us for manufacturing is, well, what are our other options? If there are no other options, if Trump is trying to force you to buy American versus buy cheaper Chinese or whatever, right? Cheaper European or whatever it might be.
What if the answer is, hey, this product is not made in America, period, end of story. And it isn't going to be, I mean, you would have to, it'd be years if you wanted to start a steel mill today to try to get to the place and good luck getting the permitting and whatnot to build that.
What if the answer is, hey, this product is not made in America, period, end of story. And it isn't going to be, I mean, you would have to, it'd be years if you wanted to start a steel mill today to try to get to the place and good luck getting the permitting and whatnot to build that.
What if the answer is, hey, this product is not made in America, period, end of story. And it isn't going to be, I mean, you would have to, it'd be years if you wanted to start a steel mill today to try to get to the place and good luck getting the permitting and whatnot to build that.