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Thank you. From Wondery, I'm David Brown, and this is Business Wars Daily on this Thursday, January 13th.

Today, a story about a scrappy little industry that's seen wild growth in the past few years,

and when I say scrappy, I mean that literally.

Scrapyards are having a moment, according to reporting from the Wall Street Journal,

and that's because the U.S. steel industry is growing.

As demand for the metal skyrockets, millions of tons of annual production capacity are being

added to the U.S. steel

market.

But let's back up a bit.

The reason scrapyards are the stars of the show now is because the steel industry has changed.

You know, it used to be that steel makers produce the stuff by melting down iron ore

...