Embedded Files
Insufficient Steel Production
Insufficient Steel Production
Upcoming Steel Shortages Forecast
Upcoming Steel Shortages Forecast
High steel prices contribute to high cost of living in US
Steel price increase double the rate of inflation over last 25 years
High vehicle prices directly correlate to high steel prices
US is largest net importer of steel in the world
US Navy facing shipbuilding crisis largely because of insufficient steel production
UK and France are both net steel importers (they need help)
China and Russia are both net steel exporters
US will soon run out of scrap steel causing paralyzing shortages and crippling prices
BCG Consulting forecasting a severe steel scrap shortage by 2030
National Security Concerns
National Security Concerns
America's steel production shortage is a major national security concern. If war broke out with countries with large steel production capacities America could not compete in production of munitions. This is unlike what happened during WW2 when the US outproduced every nation on earth.
Page updated
Google Sites
Report abuse