Transportation, energy spearhead steel growth

May 14, 2012 | 09:31 AM | Chris Prentice

Tags  steel, outlook, AISTech, U.S. Steel, Deutsche Bank Securities, Gerdau, ArcelorMittal, Nucor ThyssenKrupp Steel

NEW YORK — While the U.S. construction market is unlikely to see a sudden rebound, steel producers are seeing spikes in demand from the automotive and transportation sectors, as well as the energy and exploration industries, a panel of industry executives said at AISTech 2012, the Iron and Steel Technology Conference and Exposition in Atlanta.

"It’s good news for our steel industry that the auto industry is recovering very well, at a very solid pace," Michael S. Williams, senior vice president of North American flat-rolled operations at Pittsburgh-based U.S. Steel Corp., said during the AISTech Town Hall Forum.....

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