Will the steel industry go out of business

The industry will not go out of business, but there is a possibility of some steel mills going out of business.

The iron and steel industry is an industry of national importance. Is engaged in ferrous metal mineral extraction and ferrous metal smelting and processing and other industrial production activities, including metal iron, chromium, manganese and other mineral extraction industry, ironmaking industry, steelmaking industry, steel processing industry, ferroalloy smelting industry, steel wire and its products and other sub-sectors, is one of the country's important raw material industry. In addition, since the production of iron and steel also involves a number of other industrial sectors such as non-metallic mineral extraction and products, such as coking, refractory materials, carbon products, etc., these industrial sectors are usually included in the scope of the iron and steel industry.