Steel feeling construction drag; no relief near
May 14, 2012 | 10:18 AM
| Chris Prentice
NEW YORK The U.S. construction markets slow and unsteady rebound has prevented domestic steel mills from returning to high capacity utilization rates, and theres no relief on the horizon, steel executives said during the Town Hall Forum at AISTech 2012, the Iron and Steel Technology Conference and Exposition in Atlanta.
"That consumption needs to come back if were ever going to see our utilization rates get back above 85 to 90 percent," Michael S. Williams, Pittsburgh-based U.S. Steel Corp.s senior vice president of North American flat-rolled operations, said.....
While certain areas of the steel-consuming economy are back and booming, the construction sector remains a laggard, with serious negative effects on steel producers.
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