By the Numbers
The Industry and what’s at stake:
16: All 16 critical infrastructure sectors defined as being essential to our nation’s security by The Cybersecurity & Infrastructure Security Agency, depend on American-made steel.
2 million: The industry supports 2 million jobs (indirectly and directly) and directly accounts for more than 385,000 jobs in the U.S.
$90,000: Steelworkers’ wages are among the highest in the U.S. manufacturing sector, averaging nearly $90,000 a year.
27%: On average, the U.S. steel industry pays 27% more than the median earnings for men and 58% more than the median earnings for women.
Billions of dollars in assets generating over $56 billion in total taxes providing funding for local schools, state and federal governments, municipalities etc. in communities throughout the nation.
The threat to our Nation’s Security:
625 million: Global steel excess capacity is 625 million tons – over 5.8 times the entire U.S. steel market and 30 times total U.S. steel imports.
56%: The Chinese steel industry generated 56% of worldwide steel production in 2020, despite consuming far less than that.
Sec. 232 Measures are Working
$13,000,000,000: The American steel industry invested more than $13 billion in new or upgraded steel facilities before the pandemic, creating thousands of jobs.
$15,700,000,000: Amount the industry is investing in mill upgrades and the reopening of idled facilities.
18%: Imports only accounted for 18% of U.S. steel consumption. That’s down from 30% in 2018.
2020: American steel played a vital role in maintaining the American supply chain in 2020. Now the industry is helping America build back better.