The American Steel Industry: A Changing Profile (CRS Report for Congress)
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Release Date |
Revised Nov. 10, 2003 |
Report Number |
RL31748 |
Report Type |
Report |
Authors |
Stephen Cooney, Resources, Science, and Industry Division |
Source Agency |
Congressional Research Service |
Older Revisions |
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Summary:
The U.S. steel industry has faced increasing difficulties since the late 1990s. More than 30 U.S. steel producers have gone into bankruptcy. While different companies and parts of the industry have been affected to different degrees, the two types of domestic producers of raw steel, integrated mills and minimills, have both supported restrictions on imports, which they say have undermined the ability of the U.S. industry to produce steel economically. This report reviews industry developments and the economic situation of the steel industry, including legacy cost aspects of its problems.