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What is advantage of basic oxygen process steel process?

Updated: 8/17/2019
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The basic oxygen process makes steel much faster and for less money than the Bessemer process, which was used for over 100 years. Europe first used it following World War 2. Their factories had been bombed and needed to be rebuilt. When they rebuilt them, they put in the basic oxygen process. America kept the Bessemer because it could make more steel at once. Foreign companies began selling the more expensive grades of steel at a lower price. American companies refused to convert to the basic oxygen process. Foreign companies picked up more and more business selling different grades of steel. As American lost more and more business, the retirement costs of the Labour Union contracts became so expensive, they could no longer afford to convert and a large number of them went out of business. By the time they realized they had a problem, it was too late to do anything about it. That is one reason for the rust belt.

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Q: What is advantage of basic oxygen process steel process?
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