Cars and Buildings are the Key to Recovery of the U.S. Steel Industry(3/4/2010)

American Iron and Steel Producers Association to ensure that optimistic projections, in 2012 the U.S. steel industry will resume, but more will depend on the recovery of the construction and automotive sectors levels.

The President of the Association ThomasDanjczek said: "If the car continues to slowly rebound in demand for construction in 2012, then return to the iron and steel industry will surely be restored, but if the auto and construction sectors slower than expected recovery, then the iron and steel industry recovery will also be slow.

The U.S. steel industry by a serious impact on the global economic downturn, the first half of steel production in 2009 fell to just 25 million tons, cars, and new demand for homes had almost disappeared. The current domestic steel production has been gradually recovering, capacity utilization at about 70%, quarter steel production of about 37 million tons. 1986-2008, the U.S. steel output has remained level at about 100 million tons, although the current market climate is more optimistic, but recovery is still long-term. From the steel variety point of view, steel pipe, plate and flat materials performed well, but poor construction steel.

The United States recently released economic data on the market there is still uncertainty. U.S. Department of Commerce said in January the U.S. construction investment fell 1 / 3, since June 2003 for the lowest level, but in February U.S. auto sales stalled. 2010 U.S. commercial construction will remain weak, depressed export markets, nor does it strong domestic market.
(by China Leiyuan, 3/4/2010)