President Trump tweeted – “It has been given new life”. Let’s check on the latest employment, import and productions stats how actually U.S. Steel industry is doing. Here we go.
Our Steel Industry is the talk of the World. It has been given new life, and is thriving. Billions of Dollars is being spent on new plants all around the country!
— Donald J. Trump (@realDonaldTrump) 2018年9月17日
U.S. Steel Import (25% Tariff Executive Order in March)
2018 Mar 2.5 (2017 Mar 2.5) ⇄ 0%
2018 Apr 2.9 (2017 Apr 2.5) ↑16%
2018 May 2.4 (2017 May 2.6) ↓8%
2018 Jun 1.9 (2017 Jun 3.0) ↓37%
2018 Jul 2.2 (2017 Jul 2.9) ↓24%
(unit: million tons)
U.S. Steel Import by Country
Country 2018 2017
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S. Korea 1,932 2,269 ↓14.9%
Japan 873 937 ↓6.9%
Germany 785 751 ↑1.0%
Turkey 721 1,726 ↓58.2%
Taiwan 659 785 ↓16.0%
Vietnam 626 484 ↑29.4%
China 429 511 ↓16.0%
Italy 359 276 ↑29.9%
All Other 9,833 10,241 ↓4.0%
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Total 16,190 17,980 ↓10.0%
*YTD (7 months), thousands of net tons
source: American Iron and Steel Institute
U.S. Steel Shipments
2018 Apr 7.660
2018 May 7.798
2018 Jun 8.056
2018 Jul 7.911 (↓1.8% MoM)
(unit: million tons)
source: American Iron and Steel Institute
Iron and Steel Product Industrial Production Index
2018 Apr 95.37
2018 May 95.08
2018 Jun 93.37
2018 Jul 93.97
2018 Aug 98.91 (↑7.9% YoY, ↑5.3% MoM)
(index 2012=100)
source: Federal Reserve Bank
Metal and Fabricated Metal Industry Employment
2018 Feb 380.4
2018 Mar 379.8
2018 Apr 380.7
2018 May 380.1
2018 Jun 382.6 (↑2.5% YoY)
2018 Jul 381.0 (↑1.9% YoY)
2018 Aug 381.7 (↑1.9% YoY)
(unit: thousands)
source: Bureau of Labor Statistics
Metal and Fabricated Metal Industry Unemployment Rate:
2018 Feb 4.4%
2018 Mar 2.2%
2018 Apr 3.4%
2018 May 4.8%
2018 Jun 2.6% (↓41% YoY)
2018 Jun 2.3% (↓45% YoY)
2018 Aug 2.7% (↓48% YoY)
source: Bureau of Labor Statistics
https://www.bls.gov/iag/tgs/iag331.htm
Trump Tracker: https://hcw68.app.goo.gl/p6u5