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In 1993, Bain Capital risked millions to try and save an outdated steel plant that was about to shut down. The plant workers expressed their gratitude and business acumen by staging a nasty 10-week strike in 1997, just as competition from cheap imports was driving the price of steel down and the cost of making steel was skyrocketing. Romney left Bain in 1999. Two years later, nearly half of all U.S. steel companies failed, including the Bain plant.