TITLE:
Financial Outlook of the United States Steel Industry and Its Role in the Economy Moving Forward
AUTHORS:
Samuel F. Nassar
KEYWORDS:
Steel Industry, US Economy, Technological Innovation
JOURNAL NAME:
iBusiness,
Vol.11 No.3,
September
19,
2019
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.