Search

Welcome to AMM Inner Circle 

This is your insider’s guide to the metals industry, with in-depth commentary and analysis by AMM’s executive editor. Separate from AMM's daily news coverage, AMM Inner Circle will offer market intelligence of a different kind. This is where you can get inside the heads of industry executives and market experts, where conversations happen, where our editors can share some of their insights outside of the constraints of traditional news and market stories. We'll take you behind the numbers and explain what they mean, post a wealth of reference material, and really dig into the issues facing the market today - join the Inner Circle and gain access to a new level of market intelligence. 

All sections are accessible to AMM subscribers. Sections with the unlocked icon are open to the public.

Jul 01, 2014 | 12:00 AM

Is steel in the middle of a ‘lost decade’?

Technically speaking, the Great Recession began in December 2007, reached its nadir in 2008 and concluded in summer 2009, meaning that we’ve been in recovery for five years now. So why doesn’t it feel that way in the steel industry? First off, a robust and sustained recovery has yet to kick in for many economic sectors beyond steel, meaning demand has yet to soar.

In the waning days of the Bush administration and the early days of the Obama administration, many economists from both sides of the political landscape said that without a full-throated response from the government the United States would risk falling into a 1990s—and even early 2000s—Japanese-style decade-long slump, or a so-called lost decade. This year marks the seventh anniversary of the start of the recession, and it sure feels like the United States is well on the way to completing its own decade of despair. ....


Author

John Ambrosia

Write a comment

All comments are subject to editorial review.