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Downsizing and plant closures continued into the 1990s and 2000s, and the US Dept of Commerce estimates that today fewer than 25,000 people are employed in the steel industry in the Chicago–Joliet–Naperville, IL–IN–WI Metropolitan Statistical Area (18,000 of whom are actually in Northwest Indiana.
The value of iron and steel produced in 2014 was $113 billion. [2] About 0.3% of the US population is employed by the steel industry. [3] As of 2022, major steel-makers in the United States included Cleveland-Cliffs, Carpenter Technology, Commercial Metals Company, Nucor, Steel Dynamics, and U.S. Steel. [4]
The steel crisis was a prolonged downturn in the global steel market, occurring during the 1973–1975 and early 1980s recessions.It followed the post–World War II economic expansion and was exacerbated by the 1973 and 1979 oil crises, persisting well into the 1980s.
A dramatic improvement in the prospects for United States Steel (NYSE: X) being sold to a foreign buyer led to a rally in the stock on the last trading day of the year. The news item that got the ...
US Steel has agreed to be bought by Nippon Steel, Japan’s largest steelmaker, in a $14.1 billion deal. The deal marks the latest step in a gradual decline for the iconic 122-year old company ...
Steel is an alloy composed of between 0.2 and 2.0 percent carbon, with the balance being iron. From prehistory through the creation of the blast furnace, iron was produced from iron ore as wrought iron, 99.82–100 percent Fe, and the process of making steel involved adding carbon to iron, usually in a serendipitous manner, in the forge, or via the cementation process.
And the Wolf Finally Came: The Decline of the American Steel Industry (1988) excerpt and text search; Hogan, William T. Economic History of the Iron and Steel Industry in the United States (5 vol 1971) monumental detail; Ingham, John N. The Iron Barons: A Social Analysis of an American Urban Elite, 1874-1965 (1978) Krass, Peter. Carnegie (2002).
The mission of MSCI is promoting the profitability and health of the metals industry and its role in the North American value chain. The organization delivers information, conferences [4] [5] and professional development, [1] including a series of courses in cooperation with Washington University in St. Louis; [3] [6] safety practices studies and guidelines, [7] [8] a safety helpline, [9] and ...