The Economic Impact of the American Iron and Steel Industry

According to a recently released analysis, 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.


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