Mills, distributors size up market prospects

Feb 22, 2013 | 03:46 PM | Catherine Ngai

Tags  Metals Service Center Institute, steel, Ladd Hall, Nucor, Carl Parker, Samuel Son, Gary Stein, Triple-S Steel Catherine Ngai

BONITA SPRINGS, Fla. — Domestic steelmakers likely will see some bright spots in 2013, but they must keep a close eye on potential challenges in the form of global competition, ensuring access to affordable energy, and the pace of technological advancements.

Steel executives participating in a manufacturing roundtable at the Metals Service Center Institute’s Carbon Conference in Bonita Springs agreed that several key markets are finally seeing a steady pickup.

"Many of our markets have done well and continue to do well. Automotive isn’t a surprise to anyone. Our heavy equipment (sector) has slowed down a bit, while energy and pipe and tube (sectors) continue to do well," said Ladd R. Hall, executive vice president of Charlotte, N.C.-based Nucor Corp. "If the government doesn’t overkill with regulation, we have a lot of great opportunities. We see a little light at the end of the tunnel. 2013 may be a little bit of a different year ... at least we can hope."....

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