(Source - Pexels)
The U.S. steel industry has been in a rough patch since the crash in housing development in 2008. Most steel companies trade at less than half the price as they had during their peak in 2008. Chinese demand for steel has slowed drastically, and ongoing global manufacturing slowdown has created extreme pessimism in the industry.
I believe that the current economic slowdown and trade spats will begin to impact other parts of the economy like technology and healthcare, while the primary sector like steel and energy will undergo a reprieve. Demand