Steel won’t fully rebound until 2013: Fitch

Dec 29, 2011 | 10:58 AM | Corinna Petry

Tags  steel outlook, Fitch Ratings, prices, imports, endmarkets, capacity utilization

CHICAGO — U.S. steel demand will continue to grow in 2012 but won’t reach full recovery until 2013 at the earliest, according to Fitch Ratings.

Although steel consumption from end markets like automotive, energy and heavy equipment is strong and strengthening, the construction sector may spend some time yet bouncing along the bottom, analysts for the New York-based credit ratings agency said in a research note.....

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