Financial Outlook of the United States Steel Industry and Its Role in the Economy Moving Forward

Abstract

The US economy is an ever-evolving entity: with continuous spurs of technological innovation, massive corporations with prodigious influence, a government with the ability to sway the fate of entire industries, and a stock market that tracks these rapid transformations down to the minute. Despite this constant evolution, steel has remained a central fixture of the economic structure for the majority of US history. However, the recent development of advanced manufacturing and adoption of material counterparts has made the future status of steel uncertain. In my writing, I will determine the current state of steel, how its influence in the US economy will continue to evolve, and the financial ramifications of these changes. I examine the impacts of the current global trade war and the tariffs implemented by the US on the success of the domestic steel market. Furthermore, I discuss the rationale for investing in steel, and analyze individual companies within the steel industry’s extensive supply chain.