PNNL

Abstract

This paper queries the benchmark input-output tables of the United States for 1982, 1987, 1992, and 1997 to examine both the industries that provide goods and services to the steel industry and the destination of steel products to other industries and final goods. This study provides a sense of how the industry changed from 1982 to 1997 and will aid in evaluation of new technology adoption by linking steel products to final consumers. The steel industry is one of the major producers of raw materials for industry and construction. Value of shipments in 2000 for the steel industry amounted to more than $70 billion. This paper highlights the interdependency of the various steel-using industries of the economy. It shows the downstream use by industry of steel as a commodity. It shows the response in the use of steel to industry-specific shocks to national final demand. It also documents the steel intensity of other industry sectors in the economy. The paper builds on the benchmark input-output tables to develop economic impact models. The effects both of industry final demand on steel and steel's final demand on industry are presented. The paper provides historical context to the observations and trends reflected in the examination of the data.