Klöckner expects US steel demand to increase

Aug 08, 2014 | 04:41 PM | Nat Rudarakanchana

Tags  Klöckner, steel, steel demand, service center, distributor, Gisbert Ruhl, Nat Rudarakanchana

NEW YORK — Klöckner & Co SE expects U.S. steel demand to grow between 4 and 5 percent this year, even as the company reported lower domestic metal shipments.

The growth in steel demand in the United States, where Klöckner maintains significant operations, will be driven by "the still very robust state of the automotive industry and the upturn in commercial construction, of which signs are apparent," the Duisburg,....

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