Steel feeling construction drag; no relief near

May 14, 2012 | 10:18 AM | Chris Prentice

Tags  housing, U.S. Steel, Nucor, ArcelorMittal North America, Gerdau, AIST, American Iron and Steel Institute, AISTech 2012

NEW YORK — The U.S. construction market’s slow and unsteady rebound has prevented domestic steel mills from returning to high capacity utilization rates, and there’s 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.

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.

"That consumption needs to come back if we’re 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.....

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