Flat-roll steel prices near pivot point: Marchak

Jun 25, 2012 | 04:19 PM | Jo Isenberg-O’Loughlin

Tags  steel, Tom Marchak, Severstal North America, outages, auto industry, jo isenberg-o'loughlin

DEARBORN, Mich. — When Ford Motor Co. is your next-door neighbor, it could be easy to get carried away by the resurgence of the U.S. automotive industry, but Thomas M. Marchak said he isn’t pinning his prediction that flat-rolled steel tags have reached a pivot point on the strength of the automotive sector alone.

"We are sitting here in Dearborn (Mich.) so it is very easy to tie the whole market to automotive. But it is not just automotive," the vice president of commercial at Severstal North America Inc. told AMM in an exclusive interview. "The stock market is fine, large companies are making good returns, the construction market hasn’t gotten any worse, and agriculture, machinery and transportation—whether it’s rail car, barge, truck or trailer—are going good. ....

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