Solution to US slump twofold, simple: DiMicco

Jun 20, 2012 | 04:05 PM | Anne Riley

Tags  steel success strategies conference, Nucor, Daniel DiMicco, manufacturing, anne riley

NEW YORK — The demand recovery required to stimulate job growth and pull the U.S. economy out of its prolonged downturn is right under politicians’ noses, according to Nucor Corp. chairman and chief executive officer Daniel DiMicco.

"The reason we had a recession was demand disappeared. Here’s the challenge in front of us—it’s very simple—where’s the demand? How do we find demand in this kind of environment? The answer is staring us in the face," DiMicco said in his keynote address Wednesday at the Steel Success Strategies XXVII conference in New York co-sponsored by AMM and World Steel Dynamics Inc.....





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