FACTORS SUPPORTING INFO

US Urbanization growth is slowing

SOCIAL down (from 0.87% in 2017 to Demand for construction will be decreased in the
future => affect the demand for steel in construction
0.72% in 2019)

SOCIAL Create social distancing in Usually on-site jobs that cannot be done remotely in
workplaces during Covid-19 workplaces that are typically worker-dense
Unemployment rate tends to
SOCIAL decrease as companies already
have post Covid plan
Biden spurs the construction of 1.5
SOCIAL million sustainable homes and
housing units

Steel is 100 percent recyclable,

Each year, American steelmaking furnaces consume
which means it can be recycled
ENVIRONMENTAL nearly 70 million tons of domestic steel scrap in the
into the same material of the
production of new steel.
same quality again and again.

The steel industry has a massive carbon footprint, as

Producing a ton of steel today in
much as 6% to 7% of the world’s greenhouse gas
the U.S. requires less than half the
emissions. In 2020 many companies put effort to
energy that was needed to
ENVIRONMENTAL reduce carbon
produce a ton of steel 40 years
Nucor’s $250 million micromill in Sedalia, Missouri, is
ago, resulting in a 50% reduction
set to be the first U.S. steel plant to run on wind
in greenhouse gas emissions.
energy.

Biden Announces $2 Trillion Indirectly effect steel industry as more regulations will
ENVIRONMENTAL
Climate Plan come to support the Climate Plan
ENVIRONMENTAL Carbon neutrality Increase cost

https://finance.yahoo.com/news/us-steel-imports-down-ytd-131101031.html
https://www.industryweek.com/the-economy/article/21153155/the-changing-landscape-of-steel
 SOURCE

g/indicator/SP.URB.GROW?end=2019&locations=US&most_recent_year_desc=false&start=2011 https://www.statista.com/statistics/269

https://www.alleghenyfront.org/report-pennsylvania-stands-to-gain-243000-jobs-a-year-from-clean-energy/
https://www.cnbc.com/2021/01/31/bidens-climate-change-plan-and-americas-most-threatened-workers.html
https://www.dailytrib.com/2021/01/29/highland-lakes-unemployment-drops-still-higher-than-pre-covid/

https://joebiden.com/clean-energy/

https://www.steel.org/sustainability/recycling/

https://www.steel.org/sustainability/https://www.cnbc.com/2019/12/07/first-us-steel-plants-powered-by-wind-solar-energy-are-co

https://www.nytimes.com/2020/07/14/us/politics/biden-climate-plan.html
In the US, many states are setting net zero carbon goal (Example: California set the target date 2045)
Opportunity / Rating (1: Least important
Importance ranking
Threat - 5: Most important)

Threat 3

Threat 4

Opportunity 4

Opportunity 3

Opportunity 4

Opportunity 4

Threat 3
Threat 3