But new companies will come online. And the surviving companies will fight to expand if they're worth anything. Including the new major green steel foundry (can't remember the name) which got some $2+ billion in funding.

Iceland leads the charge with almost 90% of their energy coming from green sources (mostly geothermal). They don't even have many natural resources, but can import raw materials and do the smelting, melting, and fabricating with their enormous green energy overabundance. The recently built GERD damn in Ethiopia will supply 85% of the country's entire electrical needs and lift half the population out of extreme poverty. As for Germany, almost 50% of their entire energy demand came from green energy last year. And that's without any energy storage technologies! What percentage decline have we seen in their industrial output? Nothing outside the ordinary and none to do with renewable intermittency. DEMAND is the key word there. They don't want to rely on the variable prices and logistics beholden to geo-politics of fossil fuels. They want decentralized forms of energy, with infrastructure they can manufacture domestically. Why would they want to rely on the benevolence of American LNG, the temperament of Russia, or dictatorships of the Middle-East?