The North American steel industry has undergone significant restructuring in recent years and the industry now has fewer, but financially stronger companies. The changes have been forced on the industry by global competition but the industry has responded with impressive productivity gains and improved environmental performance.
The steel industry has outdistanced other manufacturers with a 5.8 percent annual productivity jump over the past decade, allowing America to produce more steel with fewer man-hours and increase its ability to compete in the global marketplace.
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