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Trump Says Steel Was ‘Dead’ Before His Presidency. It Wasn’t.

  • Nucor and Steel Dynamics were in good shape before Trump
  • U.S. steel prices are higher than anywhere else in the world
President Donald Trump speaks during the "Our Pledge to America's Workers" event at the White House on Oct. 31. 

President Donald Trump speaks during the "Our Pledge to America's Workers" event at the White House on Oct. 31. 

Photographer: Al Drago/Bloomberg

President Donald Trump claimed on Wednesday that the U.S. steel industry was “dead” before he took office and that his predecessor Barack Obama had “shut it down.”

It wasn’t, and Obama didn’t.