good news / International trade / Labor markets / public policy

Good News: US Steel Production Steady Since 1980’s

tomkapostasy2 Comments

Unfortunately, this followed a 30%+ decline from the 1970’s.

https://fred.stlouisfed.org/series/IPN3311A2RSQ

Finished Steel Imports Have 20% Market Share

Steel Imports Up 43% In 2021

Imported Steel Share of All Production is 30%

Click to access imports-us.pdf

Canada, Mexico and Brazil Account for Half of US Steel Imports

Click to access imports-us.pdf

Steel Imports Up 43% In 2021

US Steel Employment Has Levelled Off Since 2004

https://fred.stlouisfed.org/series/IPUEN331110W200000000

The reduction in employment has been due to improved productivity, not to imports.

The Main Reason for the Loss of US Steel Jobs Is a Huge Increase in Worker Productivity, Not Imports, and the Jobs Aren’t Coming Back

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