US Steel Production Expanding on Economic Recovery

Noida, UP India (PressExposure) February 10, 2011 -- According to our recent research offering "US Steel Industry Outlook", despite a glorious past growth record, the US steel industry was badly hit by the recessionary effects and contracted sharply at the supply-demand fronts in 2009. However, the intervention of government came just at the right time and economic stimulus package supported construction and automobile industry, which is ultimately driving the steel demand in the country and encouraging producers to free flow their capacity expansion plans. The report further revealed that ongoing developments would have their positive impact on future steel production, which is poised to grow at a CAGR of 5.7% during 2010-2012.

The study identified that, housing construction and automobile sectors are showing rays of hope for the steel industry's future prospects. The US housing starts will reach close to 1.7 Million units by 2012 from their 2009 level of 0.59 Million units. Similarly, the automobile production and exports are projected to show inevitable recovery from 2010 onwards, triggering steel industry development in the US. We expect these sectors to amplify steel demand in the coming years, which will again position the US as an attractive destination for investments.

Further, analysis of competitive landscape suggests that the steel supply sector has expanded with the influx of regional players. In the present post recession scenario, only those steel traders will survive and sustain their growth track, which can provide quality steel on demand at competitive prices.

Our report "US Steel Industry Outlook" is an outcome of comprehensive research and unbiased analysis of the US steel industry and its various segments to give a clear picture of the past and present market trends. It evaluates the existing market opportunities in relation of factors driving steel demand. The report also contains information about steel pricing and government stimulus package to bring the industry back on growth track. In addition, the report has made projections for steel demand in different vertical industries to give a rough direction, in which the steel industry is likely to move in coming years.

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Press Release Submitted On: February 10, 2011 at 1:37 am
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