Why can't it cost 3x more? It's an economic problem - the distribution of wealth is quite different in Europe and US. Plus those companies in Europe still have the machinery and the expertise due to not stopping production.
Look at Hart steel - it took them months before they got the hang of it (with Tim Zowada being project manager there from day 1), and they still don't have neither the equipment nor the skills to make hollow grounds (I don't think they have the desire for that either).

There were other attempts to make razors in US in the last few years - same issue - mediocre quality because the people involved lacked the expertise.