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Commentary > Scrap Magnet

U.S. steel industry blasts out of the blocks in the first half of 2018

By Bill Beck - August 20, 2018

As the summer of 2018 begins to wind down, the nation’s steel industry is enjoying one of its better years in decades. U.S. gross domestic product (GDP) is clipping along at just over 4 percent on an annual average basis, hot-rolled coil is selling for nearly $900 a ton, and the Trump Administration has slapped a 25 percent tariff on steel imported into the U.S.

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