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The United States is also a major importer of iron and steel, as well as iron and steel products. Employment as of 2014 was 149,000 people employed in iron and steel mills, and 69,000 in foundries. The value of iron and steel produced in 2014 was $113 billion. [ 2 ]
Steel production by countries. United States steel production faced a steep decline in the 1970s. As the only major steel maker not harmed during World War II, the United States iron and steel industry reached its maximum world importance during and just after World War II. In 1945, the US produced 67% of the world's pig iron, and 72% of the steel.
During the 20th century, the consumption of steel increased at an average annual rate of 3.3%. In 1900, the United States was producing 37% of the world's steel, but with post war industrial development in Asia and centralised investment by China, by 2017 China alone accounted for 50% , with Europe (including the former Soviet Union) down to 24 ...
As of 2013 China produced 779 million metric tons of steel each year, making it by far the largest steel producing country in the world. This is compared to 165 for the European Union, 110 for Japan, 87 for the United States and 81 for India. [64] China's 2013 steel production was equivalent to an average of 3.14 cubic meters of steel per ...
The United States Steel Corporation is an American steel company based in Pittsburgh, Pennsylvania, with production facilities in the U.S. and Central Europe.. The company produces and sells steel products, including flat-rolled and tubular products for customers in industries across automotive, construction, consumer, electrical, industrial equipment, distribution, and energy.
The term Malaise era refers to a period in the U.S. automotive industry from roughly the early 1970s through the early to mid 1980s, characterized by malaise: poor products and a generalized industry unease [1] — an era of profound adjustment as the U.S. automotive industry adapted to meet wholly new demands for more fuel-efficient, safe and environmentally responsible products.
For example, in 2008, more than 97% of structural steel and 106% of automobiles were recycled, comparing the current steel consumption for each industry with the amount of recycled steel being produced (the late 2000s recession and the associated sharp decline in automobile production in the US explains the over-100% calculation). [15]
In 2008, 2009, 2015 and 2016 output fell in the majority of steel-producing countries as a result of the global recession. In 2010 and 2017, it started to rise again. Crude steel production contracted in all regions in 2019 except in Asia and the Middle East. India is the 2nd leading producer of iron and steel industries. [citation needed]