Recent articles by Jeff Ferry

  • Tariffs Are Keeping US Steel Production Strong

    With imports down, America’s steelmakers have started investing at home. Americans may not be aware of it, but the United States has been experiencing a steel boom of late. Last month, U.S. Steel Corporation produced the first ton of steel at a brand-new facility in Fairfield, Alabama. Their new plant uses the latest and cleanest steelmaking technology available—an electric arc furnace (EAF)—an Read more
  • U.S. Steel Production is Booming Due to Steel Tariffs

    By Jeff Ferry, CPA Chief Economist On Oct. 20th, US Steel produced the first ton of steel from a brand new steelmaking facility in Fairfield, Alabama. The new facility uses the latest, cleanest steelmaking technology, an electric arc furnace (EAF), and will produce 1.6 million tons of steel a year. Three days later, Nucor broke ground at Brandenburg, Kentucky on a new steel plate mill that will employ 400 staff at an average annual salary of $72,800. In August, Commercial Metals Company announced plans to build a second rebar mill at its Mesa, Arizona location, to employ 185 staff when complete. The new mill will use an innovative process to reduce power consumption and will also include a solar array on the premises to generate renewable energy, making it one of the cleanest steel mills in the world. Arizona officials say the new mill will bring a total of 1,000 new manufacturing jobs to the state. Read more