Azastan wrote: ↑
Mon Mar 05, 2018 10:27 am
Is there a connection to coal here?
I don't know much about the steel industry in the US, but I thought it was kind of dying off? Is it possible to get it back to its glory days, or is it another industry that needs to evolve with the changing marketplace. Heh, maybe the DOTUS is going to come out soon on behalf of the makers of cassette tapes and VCR players
Actual US Steel production has been stable for a while, but the newer furnaces don't require as many employees to run them, so we're making more steel with less people.
Production fell off the table on the early 70's, from 11,000 tons to about 5,100 in a six month period, recovered for much of the 70s, and then fell off a cliff again in 1981, to 4,000. It sorta kinda recovered again from there, but never to the level of the 70s, until 2008, where it again dropped almost straight down, with another recovery below the previous level...
It goes for a decade or so and then has major adjustments downward from the late 60s until now, it looks to me.
You can look at the long term chart here