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Jun 26, 2013 | 07:00 PM
| AMM staff
steel utilization rate,
It is often said that you cant know where youre going until you know where youve been, and the US steel industry has been through a lot over the past decade. Much has changed during the past 10-plus years, a period nearly neatly bisected by the Great Recession. Taken in tandem, these charts show a movement toward greater globalization, higher prices, fiercer competition and a volatile and shifting raw materials environment. They also show that the US steel industry has faced a number of challenges but also still has opportunities to reduce costs and find new or expanded markets for products.
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We recognize that it takes time to learn to make good, quality steel. And we’re not underestimating the need to do that and do it right.
--Mark Bula, Big River Steel