The Steel Industry
Conditions in the steel industry have improved over the last year, but firms and workers still feel the effects of the 1998 downturn triggered by economic collapse in Asia and Russia. However, because of the recovery of foreign economies and continued robust economic growth in the U.S., the sector appears to have turned the corner.
Suggested citation: "The Steel Industry," Federal Reserve Bank of Cleveland, Economic Trends, no. 00-04, pp. 15-17, 04.01.2000.