On the materials side. Totally agree. However the issue there, is that's not what corporations tend to optimize. The story itself really spells it out pretty clearly (it may be biased, never worked at US Steel personally). However, the article's description is:
US Steel became a monopoly, and immediately acted like a monopoly. Innovation ceased. Money extraction began. Commanding obedience was the norm. Convincing themselves all competitors would fail was the norm. And US Steel did not want to invest in anything outside its own sunk costs.