Bipolar and Major Depressive Disorders The steel industry is the backbone of most US manufacturing industries in essential functions such as transportation of food, water, and energy generation. The national security is also dependent on the steel industry as most security equipment is made of steel, for example, tanks’ armor plates, missiles, and submarines. However, the steel industry is facing a lot of challenges such as low demand and cheap imports, low prices and utilization rates, falling revenues, and procurement effect (procurement is cautious, and customer inventory is minimal. Both producers and consumers are facing challenges differently, but the price is a common factor affecting both (Mehta, 2019). While producers need prices to go high for