{"id":8341,"date":"2024-10-31T17:30:00","date_gmt":"2024-10-31T17:30:00","guid":{"rendered":"https:\/\/www.h-metal.ro\/blog\/?p=8341"},"modified":"2024-10-31T17:32:49","modified_gmt":"2024-10-31T17:32:49","slug":"increase-us-steel-industry","status":"publish","type":"post","link":"https:\/\/www.h-metal.ro\/blog\/en\/increase-us-steel-industry\/","title":{"rendered":"The US steel industry is expected to register growth"},"content":{"rendered":"

The increase US steel industry is expected to register growth this year. Production is expected to increase due to lower imports and dynamic demand from the construction and energy sectors.<\/p>\n\n\n\n

Like their foreign counterparts, US steel <\/a>producers such as Nucor, US Steel and AK Steel have been affected by global oversupply, falling raw material prices and cheap imports from countries like China.<\/p>\n\n\n\n

Production will increase in the US steel industry<\/h2>\n\n\n\n

Crude steel<\/strong> production in the world’s largest economy will increase by 4.4 percent in 2017. After almost two years of contraction. According to a survey carried out, with the help of 20 analysts, by the Financial Times.<\/p>\n\n\n\n

Jefferies analyst Seth Rosenfeld said a recovery in US steel demand<\/strong> will be fueled by strong activity in the non-residential building and oil\/gas sectors. Despite the weaker activity in the automobile sector.<\/p>\n\n\n\n

Another key point will be the behavior of China, the largest steel producer<\/a>, which was responsible for almost half of last year’s production. Accused of excess products at unfair prices, it promised to close the factories that are not needed.<\/p>\n\n\n\n

In the European Union, production will increase by 1.5 percent. Several analysts have stated that they expect the financial performance to improve in this sector.<\/p>\n\n\n\n

Last year the world’s largest steel producer by tonnage, ArcelorMittal, resorted to a $3.3 billion capital increase. To reduce his debt after recording a record loss.<\/p>\n\n\n\n

A relaxation of the price of a key ingredient of steelmaking \u2013 metallurgical coal. If it will be coupled with an increase in the price of steel. It will help restore a healthier level of profitability in this sector. Said Mike Shillaker, analyst at Credit Suisse.<\/p>\n\n\n\n

Article source: https:\/\/www.ft.com\/content\/1522243c-c93e-11e6-8f29-9445cac8966f<\/p>\n

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