You are correct: "[Steel production] is both a source of national pride and a symbol of a country's industrial might." (according to one commentator)
And China was allowed to steal the steel industry from the USA with the blessings of all the politicians and presidents since around 1978. Then Bill Clinton gave China added impetus in 1993 with his illegal Executive Order 12850. And until Trump came on the scene, the American government was happy to ship all US jobs and industries to China and concede industrial surrender to China. Since Trump made a serious effort to restore the trade imbalance with China, China took its revenge with the Wuhan virus, and Trump was caught napping.
China caused America to virtually shut down (with American co-conspirators such as Gates and Fauci working for China) while causing North Americans to surrender to totalitarianism through the lock downs, social distancing, and the wearing of masks (none of which made an iota of difference), along with loss of civil liberties. By handing over critical decisions to state governors, Trump lost control of a national health emergency (which should have been under presidential control at all times) to Leftist governors who abused their powers. Now the re-opening of the USA is proceeding on a hit-and-miss basis.
While the Communist Chinese were rolling on the floor laughing, George Soros and his co-conspirators decided that as soon as the COVID-19 scare diminished, and Spring came to North America, he would unleash Black Lives Matter, Antifa, and other Radical Leftists on America to destroy its very fabric (and they are succeeding). And again Trump was caught napping. The death of George Floyd was a mere excuse. The Leftists could have come up with any another scenario if that was absent (even a false flag operation).
Now, unless President Trump focuses seriously and intensely on restoring law and order, the rule of law, and the supremacy of the Constitution, his presidency will be finished, and so will America as a free country. His first order of business will have to be the firing of his Secretary of Defense, the Attorney General, and his Secretary of Homeland Security. Between these three officials, the rioting and looting should have been stopped the same day they started in Minneapolis, and totally prevented in every major American city from then on.