Steel:US market is facing major headwinds

7/1/2015 - Report
ic_blogtagEconomic OutlookUnited StatesMetalGrowthPrice
Euler Hermes expects a decrease in average annual steel production of -3/-4% in 2015 and yearly prices averaging -18% lower than 2014 mainly due to global overcapacity.

While demand lags in the energy sector, U.S. production capacity should increase to near 75% due to gains in the construction and automotive industries.

Without intervention from government legislation to protect against foreign steel dumping, there will be further consolidation and insolvencies among U.S. steel producers.

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Steel:US market is facing major headwinds - Report