EDITOR'S NOTE - The steel industry has both spread out and trimmed down. Of the top 10 steelmakers today, only two are American. The footprints of this evolution can be seen in profits, labor contracts, former steel towns and the bottom line of steel consumers. This story is the second of a six-part series on the globalization of the industry
http://www.thestate.com/mld/thestate/business/12015064.htm
So, not only does the American steel industry still exist, 2 of the top 10 steel makers are American. Not bad when you consider that you said the American steel industry was dead.
Thanks for proving my point.