US still overproducing steel without RG: Lowrey
Oct 11, 2012 | 10:38 AM
| Michael Cowden
Tags
Steel Research Associates,
Steel Market Update,
Steel Summit,
Paul Lowrey,
overcapacity,
hot-rolled,
cold-rolled,
hot-dipped
steel
ROSEMONT, Ill. — The United States likely has too much steel capacity even assuming that the former RG Steel LLC’s assets are closed permanently, according to one industry consultant.
RG Steel had about 7.5 million tons per year of hot-strip mill capacity out of a U.S. total of 88 million tons. That "pretty significant" number made the company among the largest steel mills in the United States in terms of capacity, if not in shipments, Paul Lowrey, managing director of Pittsburgh-based Steel Research Associates LLC, said.....
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