The American Steel IndustryThe steel trade was an important industry, from a strategic point of view, like arms production, shipbuilding, etc. in the United States,… and from a national perspective, because steel is an important input for products. such as cars, washing machines, etc… Over the past 100 years, the United States steel industry has fallen from 37% of global steel production to approximately 15%. Also since the 1960s, growth in steel production has stabilized due to increased use of plastics and technological advances in manufacturing. Steel costs in the United States are normally higher in the United States due to wages and benefits provided to employees and retirees; In 1976, the import restrictions imposed had little effect, so American steel is still considered lower quality. In 2002, 31 U.S. steel companies filed for bankruptcy protection. Given the situation, the US government should consider a number of strategies, including not getting involved in protecting steel, but rather allowing free trade, placing restrictions on the import in the form of a tariff on imported steel, or by providing support to the US steel industry in the form of subsidies and/or absorption of legacy costs. The alternatives will be analyzed based on factors such as the impact they will have on the steel-producing industry, international reaction, domestic reaction and implications for U.S. taxpayers, as well as the impact each alternative will have on the individual consumer. It is recommended that the US government consider offering support middle of paper...... for the industry in general, because the steel industry is also responsible for the development of many other industries, such as automobile production, buildings, ships, etc… this will also help maintain and create more jobs, which will improve living standards. Thanks to this improvement, the American steel industry, although we know that it will be a slow process, will be able to compete with other countries, such as Europe or South Korea, which has the largest steel mill of the world, making its steel industry independent enough to compete worldwide. . As a result, the revenues of the American steel industry will be higher, a consequence of successful competition on an international scale. Finally, these new measures will help the American steel industry prevent bankruptcy situations, aided by the adoption of protectionist laws..