RVIA Economic Impact Study

The Recreation Vehicle Industry Association commissioned an Economic Impact Study on the RV industry, released on June 7, 2016. The study found that the RV industry contributes about $49.7 billion in economic output or 0.28 percent of the Gross Domestic Product. Through its production and distribution linkages, the industry impacts firms in 426 of the 440 sectors of the United States economy.

Nationwide, the industry is responsible for 216,170 jobs, both directly and inderectly, creating an economic impact of $37.5 billion. The full study results, along with each individual state and congressional district's economic impact is available on the website by clicking here .

U.S. Steel Announces Opening of Granite City, Illinois, Furnace

Wed Mar 7, 2018

152045828793457.pngOn the heels of President Donald Trump’s announced steel and aluminum tariffs, U.S. Steel announced Wednesday it will restart one of two blast furnaces and the steelmaking facilities at its Granite City Works in Illinois, recalling about 500 employees, according to an article in the Pittsburgh Post-Gazette. Getting the mill running again could take up to four months, the company says.

“Our Granite City Works facility and employees, as well as the surrounding community, have suffered too long from the unending waves of unfairly traded steel products that have flooded U.S. markets,” U.S. Steel President and CEO David B. Burritt says.

The additional steel capacity will support an anticipated increase in the demand for steel, the company says. Trump’s announced, though not-yet-enacted, tariffs would include a 25 percent duty on imported steel and a 10 percent duty on imported aluminum.

The Granite City Works blast furnaces and steelmaking facilities were idled in December 2015, and the plant’s hot strip mill was idled in January 2016 in response to market conditions, including excess global capacity. The plant’s pickle line, cold mill and finishing lines at Granite City continued to operate.

To read the entire story, CLICK HERE.