US steel usage, imports to beat forecast: AISI

May 06, 2014 | 09:16 AM | Thorsten Schier

Tags  American Iron and Steel Institute, Michael Rippey, ArcelorMittal USA, steel consumption, steel imports, Thorsten Schier

SCOTTSDALE, Ariz. — Domestic steel consumption could be higher than initially expected in 2014 due to recent market developments, but imports are also trending alarmingly higher, according to American Iron and Steel Institute (AISI) chairman Michael Rippey.

"We’re seeing some different trends than in our original assessments. If these trends hold, (the) increase in steel demand will outpace projections and might actually be closer to 112 million tons, which would be a 6-percent increase by year-end," Rippey, who is also president and chief executive officer of Chicago-based ArcelorMittal USA LLC,....

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