Some of our equipment is old, but works well enough to make us in the cheapest 1/3 if you remove all other countries Govt.support;). The oldest parts where built to last, are still as fast as new technology wish many of us using long term skills to speed up throughput and will probably be used for another 40 years, the places that benefit from technology have adapted various items to suit the plant.
Other parts are near new, or updated regularly which means we almost match Japan for.coal usage per ton or steel produced, China uses around 20% more than either Japan or us.
We also have the advantage of 1/2 our needs in our backyard, AAA grade coking coal from local mines. Whereas Japan and China need to import a majority of both their coal and ore.
Yes I'm the bearded one :D

