The US economy is an ever-evolving entity: with continuous spurs of technological\ninnovation, massive corporations with prodigious influence, a government\nwith the ability to sway the fate of entire industries, and a stock\nmarket that tracks these rapid transformations down to the minute. Despite\nthis constant evolution, steel has remained a central fixture of the economic\nstructure for the majority of US history. However, the recent development of\nadvanced manufacturing and adoption of material counterparts has made the\nfuture status of steel uncertain. In my writing, I will determine the current\nstate of steel, how its influence in the US economy will continue to evolve,\nand the financial ramifications of these changes. I examine the impacts of the\ncurrent global trade war and the tariffs implemented by the US on the success\nof the domestic steel market. Furthermore, I discuss the rationale for investing\nin steel, and analyze individual companies within the steel industryâ??s extensive\nsupply chain.
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