The U.S. Steel Industry in Recurrent Crisis

This first-rate study traces the declining competitiveness of the U.S. carbon steel industry during the postwar period. With a wealth of well-ordered data on costs and prices, it points to a fairly bleak but not catastrophic future. Crandall calculates the costs of various measures to help the industry, and he does not see a case for extensive protection or subsidization on national security grounds.