Steel executives see silver linings in US

Jun 19, 2013 | 04:44 PM | Catherine Ngai

Tags  steel producers, steel, Steel Dynamics, SDI, Mark Millett, James Wainscott, AK Steel, Commercial Metals CMC

NEW YORK — Many U.S. steel producers have faced a challenging few years on the back of overcapacity and global economic malaise, but there are some reasons to be optimistic about the recovering region, several top executives said on a panel at the Steel Success Strategies XXVIII conference.

"We would certainly agree that we are in a new paradigm where sluggish world economics ... will continue to pressure steel margins," said Mark Millett, president and chief executive officer of Fort Wayne, Ind.-based Steel Dynamics Inc. "But the sun is coming out in America, and it will shine some prosperity on steel companies in this country in years ahead."....

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