Location and Reinvestment: The Youngstown Steel District
Steel production has been declining nationwide since 1973. This decline has necessitated partial, and often complete, plant shutdowns to bring steel-making capacity in line with actual production levels. The Youngstown steel district has been heavily hit by industry-wide cutbacks. Indeed, adjustments in the Youngstown district to declining demand began long before the steel industry reached its productive peak in 1973. Competitive disadvantages, such as inadequate water transportation, below average productivity, and low profitability, have contributed to weak investment in the district. Nevertheless, economist Robert Schnorbus contends that the Youngstown steel district remains viable and will continue to be an important steel-producing center in the years ahead.
Suggested citation: Schnorbus, Robert H. “Location and Reinvestment: The Youngstown Steel District,” Federal Reserve Bank of Cleveland, Economic Review, vol. 19, no. 1, pp. 2-12, 03.01.1983.