Current Issues in the Steel Industry

This book examines the recent performance of the US steel industry and related policy issues, including the Bush Administration Section 201 initiative and measures in Congress addressing other aspects of problems in the steel industry. The question of 'legacy costs' has emerged as a key issue amid efforts to improve conditions within the US steel industry. Legacy costs are pension and health care benefit provisions of steel worker contracts, especially for retirees, which provide benefits above and beyond related public entitlements and which are funded by earnings of steel companies. This new book describes the issue, with some statistical data included.