NEW YORK U.S. Steel Corp.
continues to see solid demand in the automotive market, but the
steelmaker says it has yet to see a significant uptick in the
"I think our sentiment on
(automotive) is still positive, and weve derived that
sentiment from talking to our customers. We supply almost
everybody, and they all seem to be optimistic," chairman and
chief executive officer John P. Surma said during the
companys first-quarter earnings call April 30.
The Pittsburgh-based company is
also making headway on introducing its advanced high-strength
steels (AHSS) to the market.
"The auto market for us remains
very positive, very favorable in terms of total volume, but
also in terms of progress on the high-end products we like to
supply (to) them to try to make sure ... steel stays a material
(of) choice," Surma said.
The steelmaker recently
completed a 500,000-ton-per-year continuous annealing line in
Leipsic, Ohio, at its Pro-Tec Coating Co. joint venture with
Japans Kobe Steel Ltd. Commissioning of the line, which
is designed to supply AHSS to the automotive market, "went very
well," Surma said.
In addition to automotive, the
appliance and tinplate markets have also remained positive, he
said, although construction has yet to pick up significantly
despite positive headlines.
"I think its great that
... residential housing is moving in the right direction by
everything we read, not that weve seen a whole lot of
that. But nonresidential is going to take a while," Surma said,
adding that "in our construction business, which starts in
agricultural and roof panels and things like that, weve
done OK but not great."