President Trump has announced a 25% tariff on imported steel, sending shock waves through markets.
The move could spark a trade war with major implications for steelmakers and the economy.
Here’s a look at the numbers behind the global steel industry:
The U.S. steel industry, a mainstay of the economy for more than 100 years, has been shrinking. Because of foreign imports, technology, and an overall surplus of steel throughout the world, the U.S. steel industry has struggled in recent years to keep jobs and production at steady levels.