TOP STEELMAKERS 2017: North America expects growth

Even though it seemed as if the North American steel market had recently peaked, all indications now suggest that 2017 will be another growth year.

Even though it seemed as if the North American steel market had recently peaked, all indications now suggest that 2017 will be another growth year.
“While last year was very volatile, it was definitely better than 2015, which was a dreadful year,” Amy Bennett, principal consultant for Metal Bulletin Research, said.
This turnaround was made possible by a number of production cutbacks at several integrated producers in the USA.
Not only did US Steel (which has fallen one place to No24 in Metal Bulletin’s global top steelmaker rankings this year) permanently close its blast furnace at its works in Fairfield, Alabama late in 2015, it also idled its mill in Granite City, Illinois.

While it restarted the finishing end at Granite City early in 2017, the hot end of that mill remains closed and US Steel’s plans to add an electric arc furnace at Fairfield remain indefinitely on hold....

Published

Myra Pinkham

June 06, 2017

20:03 GMT

New York