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).....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here