Typescript (photocopy).

Related Link: http://www.richmondfed.org/publications/research/econ_focus/2013/q1/feature3_weblinks.cfm

The development of a test for whether an industry reduces capacity by first closing its highest-cost plants, using plant-level data from the U.S. steel industry.

An examination of the effect of EPA enforcement activity as it relates to company plant-closing decisions and company compliance decisions in the U.S. steel industry, finding fewer enforcement actions taken toward plants with an already high probability of closing.

A history of the struggle between producers of imported and domes- tic steel, and a discussion of long-term trends in the steel industry.