If durable goods expenditures have grown over the last 50 years (and they have by 3000%), but steel demand in the US hasn’t...
https://www.worldsteel.org/en/dam/jcr:d9e6a3df-ff19-47ff-9e8f-f8c136429fc4/International+Steel+Industry+and+Sector+Relations+Conference+Istanbul_170420.pdf
...Then...
Production has been outsourced to overseas companies for goods using steel, or...
Companies have found alternatives to steel.
Either way, it hasn’t been good for steel jobs. And tariffs won’t help.
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