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In This Issue
September 3, 2010
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American Steel Production Down Drastically In Spite of G-20 Promise to Share Cuts Equally
Alan Tonelson
Sunday, May 03, 2009
Nothing Shared About Steel Output “We start from the belief that prosperity is indivisible; that growth, to be sustained, has to be shared....” --Group of Twenty Leaders, communique, April 2, 2009 World steel production*, first quarter, 2008-first quarter, 2009: –22.8% Asian steel production, first quarter, 2008-first quarter, 2009: –8.9% Chinese steel production, first quarter 2008-first quarter, 2009: +1.4% European Union  steel production, first quarter, 2008-first quarter, 2009: –43.8% U.S. steel production, first quarter, 2008-first quarter, 2009: –52.5% *66 countries reporting to the World Steel Association, representing 98% of world steel output in 2008
Sources: “Raw Data: G-20 Communique Statement, April 2, 2009,”
http://www.foxnews.com/politics/first100days/2009/04/02/raw-data-g-communique-statement/; “Crude Steel Production – March 2009,” World Steel Association, April 21, 2009, http://www.worldsteel.org/pictures/newsfiles/0309%20Production%20figures.pdf
Alan Tonelson is a Research Fellow at the U.S. Business & Industry Educational Foundation and the author of The Race to the Bottom: Why a Worldwide Worker Surplus and Uncontrolled Free Trade are Sinking American Living Standards (Westview Press).
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Alan Tonelson
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