Steel sector heading toward stability: Goncalves

Nov 13, 2012 | 05:29 PM | Catherine Ngai

Tags  Metals USA, Lourenco Goncalves, construction, steel demand, steel consumption, acquisitions, 3d Annual Dahlman Rose & Co. Global Metals, Mining & Minerals Conference Catherine Ngai

NEW YORK — The outlook for the U.S. steel sector is one of stability, according to Metals USA Holdings Corp.’s top executive, although continued growth will require discipline from domestic mills in order to keep tags up and fix volatility in pricing cycles.

"Steel demand continues to improve," Metals USA chairman, president and chief executive officer Lourenco Goncalves said Tuesday at the Dahlman Rose & Co. third annual Global Metals, Mining and Materials Conference. "Of course, we don’t have ... the exuberance that we expected if the outcome of the (presidential) election was different. But we’re still good because at least the uncertainty of the elections (is) gone, and the certainty that the fiscal cliff will be solved is helpful. ....

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