President Trump tweeted “U.S. Steel is back!” Let’s check on employment, import and productions how actually U.S. Steel industry is doing. Here are what we found.
America is OPEN FOR BUSINESS and U.S. Steel is back! pic.twitter.com/lJTcr6JHBW
— Donald J. Trump (@realDonaldTrump) 2018年7月27日
U.S. Steel Import (25% Tariff Executive Order in March)
2018 Apr 2.9
2018 May 2.4
2018 Jun 1.8 (↓25% from previous month, ↓40% from last year same period)
(unit: million tons)
U.S. Steel Shipments
2018 Apr 7.660
2018 May 7.798
2018 Jun 8.056 (↑3.3% from previous month)
(unit: million tons)
source: American Iron and Steel Institute
Iron and Steel Mills and Ferroalloy Manufacturing Employment
2017 Feb 373.4
2018 Mar 379.8
2018 Apr 380.7
2018 May 380.6
2018 Jun 383.5 (↑0.7% from previous month)
(unit: thousands)
Iron and Steel Mills and Ferroalloy Manufacturing Unemployment Rate:
2018 Feb 4.4%
2018 Mar 2.2%
2018 Apr 3.4%
2018 May 4.8%
2018 Jun 2.6% (↓46% from previous month, ↓41% from last year same period)
source: Bureau of Labor Statistics
So far all data seems to be positive after the import steel tariff executive order in March. Import reduced, shipments increased, employment increased, and unemployment decreased. We don’t see any negative numbers yet but keep eyes on trends.
Trump Tracker: https://hcw68.app.goo.gl/p6u5