US steel demand won’t fully rebound until 2013: Fitch

U.S. steel demand will continue to grow in 2012 but won’t reach full recovery until 2013 at the earliest, according to Fitch Ratings.

In the near term, the domestic industry is challenged by low capacity utilization—about 75 percent on average in 2011—as a result of weak order rates, the agency said, and margins are vulnerable when capacity utilization is below 80 percent. Fitch expects capacity utilization rates to rise in 2012 but not reach an 80-percent average.

Fitch noted that 2012 production capacity at ThyssenKrupp USA Inc.’s Calvert, Ala.,...

Published

Corinna Petry

December 29, 2011

16:13 GMT

Chicago