Steel industry said slated for disintegration

Sep 27, 2012 | 03:19 PM | Anne Riley

Tags  Peter Marcus, WSD, World Steel Dynamics, RG Steel, Canacero, Anne Riley

CANCUN, Mexico — The global steel industry appears to be entering a period of disintegration as steelmakers look to consolidate operations to cut costs, according to Peter Marcus, managing director of World Steel Dynamics Inc. (WSD).

"You’re seeing it in China, you may see it in the United States—multiple-plant companies will probably have the opportunity to consolidate production at their lower-cost plants," he said in remarks at the second annual Mexican Steel Conference hosted by Mexican steelmakers’ association Canacero.....

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