
History of the iron and steel industry in the United ...
US production of iron and steel peaked in 1973, when the US industry produced a combined total of 229 million metric tons of iron and steel. But US iron and steel production dropped drastically during the recession of the late 1970s and early 1980s. From a combined iron and steel production of 203 million tons in 1979, US output fell almost in half, to 107 million tons in 1982. Some steel companies declared bankruptcy, and many permanently closed steelmaking plants. By 1989, US combined iron and steel pr…
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