Steel: Challenges, Opportunities, and Change
نویسنده
چکیده
T C teel remains one of the most important manufacturing industries in Indiana, and the dominant manufacturing industry in Northwest Indiana. The Chicago region continues to lead the U.S. in steel production, accounting for as much as 28% of the total output of steel in the country.1 Currently, steel mill employment accounts for nearly 10% of total employment in Northwest Indiana,2 compared with 0.3% of total U.S. employment.3 However, the importance of the steel industry locally and nationally as a source of employment has declined both locally and nationally. In addition, a more complex domestic industry and more aggressive international competition have made the performance of the steel industry, particularly in Northwest Indiana, more volatile, and its future more difficult to project. In this report, we discuss four aspects of the steel industry that are important for understanding both its past and its future. In the first section, we examine changes in the structure of the domestic steel industry, in particular the emergence of mini-mills and their impact on integrated producers. Next, we turn to an examination of long-term industry output and productivity trends. Finally, we consider some short-term issues involving international competition and domestic labor relations.
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