Steel industry industry hits record in the US with $13.2bn in revenue

The steel industry in the United States posted $13,082.9 billion in revenue last year, according to a report by the Federal Reserve Bank of New York.

The sector posted a revenue of $7,094.5 billion, the bank said. 

“The steel industry is a key contributor to the U.S. economy and its economy is expected to continue to grow in coming years,” said Fed President Janet Yellen in a statement.

“Steel employment is set to grow by over 20 percent in 2018, and the industry is expected, if sustained, to add more than a million new jobs in the next decade.” 

The steel sector was hit hard by the recession in 2008-09, but the economy has bounced back in the last few years.

The steel sector saw a $4.6 billion increase in jobs last year. 

The number of new jobs created in the steel industry reached 6,200 in the first half of 2019, the report found. 

 “While the overall economy continues to recover, the industry has shown some slowing in recent months as the labor market is not as robust as it was before the downturn,” the report stated. 

Last year, the steel sector added 1,838 jobs. 

This year, steel employment is expected at about 2,000 to 2,300 jobs, the Federal Open Market Committee (FOMC) said in a report. 

In January 2018, the federal government said the U