Initial job growth withers as demand and prices sink; older mills face a dim future

PITTSBURGHPresident Trump made good on his 2016 campaign pledge to the steel industry, slapping 25% tariffs on foreign-made steel in an effort to revive an industry that once symbolized American manufacturing might.
The tariffs succeeded in pushing down steel imports andfor a short timeresulted in higher prices for domestic steelmakers. They also encouraged newer steel companies to expand operations in the South and Southwest.
Yet…