Rising demand could spur US flat-rolled capacity

Jun 23, 2014 | 10:31 AM | Frank Haflich

Tags  flat-rolled steel, Karlis M. Kirsis, Peter F. Marcus, World Steel Dynamics, WSD, automotive, China, Nucor Steel Dynamics

NEW YORK — Rising U.S. steel demand and the likelihood that some integrated producers may be unable to keep pace could spur an additional 4 million to 6 million tons of domestic flat-rolled capacity, according to two steel analysts.

As the United States becomes "the most attractive place in the world to build a new manufacturing plant" and construction activity continues to recover from its six-year slump, demand for sheet products could increase about 15 percent and long products by 20 percent by 2020, Peter F. Marcus and Karlis M. Kirsis, managing partners of Englewood Cliffs, N.J.-based World Steel Dynamics Inc. (WSD), said during the Steel Success Strategies XXIX conference in....

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