NA steelmakers brace for 'bumpy' road

Jun 20, 2012 | 03:23 PM | Chris Prentice

Tags  steelmakers, ArcelorMittal, Mike Rippey, Steel Dynamics, Mark Millet, AK Steel, James Wainscott, Gerdau Andre Johannpeter

NEW YORK — North American steelmakers are traversing a rocky, uncertain road to recovery, according to industry executives.

While demand is strong from the automotive, energy and agricultural sectors, the steel industry continues to face challenges of overcapacity, price volatility and a lagging construction sector, they said. As a result, North American producers are not operating at optimal capacity utilization rates as supply and demand remain out of balance.

"Clearly, we’re not operating at rates that are acceptable today," ArcelorMittal USA Inc. president and chief executive officer Michael Rippey said at the Steel Success Strategies XXVII conference in New York, co-sponsored by AMM and World Steel Dynamics Inc. (WSD).....

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