[Ferro-Alloys.com] According to a released analysis, which was conducted by the prominent research firm of John Dunham & Associates (JDA) and commissioned by the American Iron and Steel Institute (AISI), the American iron and steel industry is a dynamic part of the U.S. economy, accounting for more than $520 billion in economic output and nearly two million jobs in 2017 when considering the direct, indirect (supplier) and induced impacts. These workers earned over $130 billion in wages and benefits. All told, the industry generated $56 billion in federal, state and local taxes.

We’re now midway into 2019. The US steel industry had a somber start to the year, and the sell-off only deepened as the year progressed. All major steel companies including U.S. Steel (X), AK Steel (AKS), Nucor (NUE), and Steel Dynamics (STLD) fell to their 52-week lows in May as the escalation in the US-China trade war rattled metal and mining investors.

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• [Editor:kangmingfei]