The basic steel products industry is involved in manufacturing hot metal, pig iron, and silvery pig iron from iron ore and iron and steel scrap. It also converts pig iron, scrap iron, and scrap steel into steel, and hot rolls iron and steel into basic shapes such as plates, sheets, strips, rods, bars, and tubing. This industry also uses blast furnaces and coke ovens.
Manufacturers take raw ore and turn it into a steel commodity that is sold to manufacturers.
According to ABC news
The U.S. produced 81.6 million metric tons of steel in 2017, according to the steel trade group The World Steel Association (WorldSteel).
That marked a 4 percent increase from the year before when it produced 78.5 million metric tons in 2016, WorldSteel reported.
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