Business View Magazine | December 2020

79 BUSINESS VIEW MAGAZINE DECEMBER 2020 America’s Steel Industry is and Cleanest 1 | American Iron and Steel Institute AMER I CAN I RON AND STEEL INST I TUTE considering the direct, indirect (supplier), and induced impacts. These workers earned over $130 billion in wages and benefits. All told, the industry generated $56 billion in federal, state, and local taxes. Steel industry wages rank among the highest in the manufacturing sector. The steel industry’s commitment to sustainability is tremendous. One of the key examples of this is our recycling story. Steel is the most recycled material in the world and it is 100 percent recyclable, which means it can be recycled again and again. An old steel beam can become a new beam, or a refrigerator, car door, or roof panel. In the past 30 years, more than one billion tons of steel scrap have been recycled into new steel in North America! And steel’s durability also allows steel products to be reused or remanufactured at the end of their initial lives. Our sustainability story is also exemplified in our partnership with the auto industry. Stronger