PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: RNCOS E-Services (P) Ltd

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Increasing Prices & Declining Demand Daunt US Steel Makers - US steel makers find it hard to survive in an environment where demand continues to fall while prices continue to escalate day by day
Increasing Prices & Declining Demand Daunt US Steel Makers

 

NewswireToday - /newswire/ - Delhi, New Delhi, India, 2007/04/16 - US steel makers find it hard to survive in an environment where demand continues to fall while prices continue to escalate day by day.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Mining/Metal/Mineral Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

US steel makers are almost under a financial crunch due to the stubbornness of domestic steel prices. The prices don’t seem to come down owing to the continuous rise in the costs of raw material.

The minimills of the nation are increasing prices so they can offset the cost of scrap, primary feedstock that saw an increase of 50% from January 2007. Integrated mills, comprising those being operated along the lakeshore by U.S. Steel Corp. and Mittal Steel USA, are also raising prices for balancing their high-energy costs.

Hammond-based Berlin Metals’ owner and president, Roy Berlin said that the threat of rising steel prices prompts service-centers to demand more steel in spite of already bloated investors. In case of continuous lag in demand, inventories are likely to shoot up much beyond the optimum 3-month level and cut out the future orders of steel.

In January 2007, steel imports reached 2.4 Million Metric Tons, according to Dept. of Commerce. This was 23.5% down against last year and 10.1% against December last year. In January this year, imports of steel came in 8% less than import licenses owing to shipments’ diversion outside of US in to more lucrative markets due to weak relative pricing here. Jason Brunerm, analyst for Michelle Applebaum Research in Chicago suburb suggested this, as purchasing.com published on February 28, 2007.

The consensus-2007 US economic estimate is for 2.7% growth, even that’s being reduced, said Bradford in his presentation. Current lag in the demand owing to higher costs of energy, a dip in new-housing starts, and sales of auto are tempering the growth of US economic.

As per the RNCOS report “US Steel Industry - Future Outlook”, "For the past several years, performance of steel industry in United States has witnessed several ups & downs. A high-degree of correlation between domestic economy and global steel market remains the key force behind this fluctuation in the performance. Also, basic capital structure of steel made it sensitive towards market forces.”

This research report on “US Steel Industry - Future Outlook” provides extensive research and objective analysis of the Steel industry in US. This report helps clients in analyzing the opportunities critical to the growth of the Steel industry in US. Key issues addressed in this report encompass: future potential for the industry, key competitors in the US Steel industry, opportunities exist for the steel manufacturers in United States, success & sensitivity factors for the industry, major driving forces for the industry etc.

About RNCOS E-Services Pvt Ltd

RNCOS, incorporated in the year 2002, is an industry research firm. It has a team of industry experts who analyze data collected from credible sources. They provide industry insights and analysis that helps corporations to take timely and accurate business decision in today's globally competitive environment.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Mining/Metal/Mineral Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: RNCOS E-Services (P) Ltd

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Mining/Metal/Mineral articles,
CATCH Visitors via Your Competitors Announcements!


Increasing Prices & Declining Demand Daunt US Steel Makers

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

|
Publisher Contact: Shushmul Maheshwari 
+91 12 04224700 press[.]rncos.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any RNCOS E-Services (P) Ltd securities in any jurisdiction including any other companies listed or named in this release.

Mining/Metal/Mineral via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From RNCOS E-Services (P) Ltd / Company Profile


Read Mining/Metal/Mineral Most Recent Related Newswires:

Boliden Selects Metso to Supply Equipment for A New Surface Crushing Station to Aitik Copper Mine in Sweden
Metso's Upgraded PlantTriage Software Simplifies Real-time Performance Management and Strengthens Cybersecurity
Metso Supplies Key Minerals Processing Equipment to Tibet Julong Copper for One of the Largest Greenfield Copper Projects in the World
Metso's Reliable Neles BWX Butterfly Valve Meets Requirements of Various Process Industries
Metso Introduces Integrated Approach for In-the-pit Operations
Metso Introduces Advanced Solutions for Fine Classification in Wet Minerals Processing
Rockwell Automation Outlines Steps for Achieving a Connected Mine
Metso Signs Landmark Deal with the World's Largest Copper Miner Codelco in Chile
Metso to Continue the Exclusive Lokotrack Distributor Agreement with Garriock Bros in the UK
Steel Dynamics, Inc. Wins Metals Company of the Year - Platts Global Metals Awards
Metso to Provide Crushing and Screening Plant and Life Cycle Services At Tata Steel's Sedibeng Iron Ore Mine
Metso Awarded its Largest Long-term Strategic Services Contract in North America with the World's Second Largest Producer of Soda Ash
Metso's Lokotrack® Machine Handovers During Bauma 2016 Highlight Customer Loyalty and Long Distributor Relationships
Metso Launches the N Series - A New Recycling Equipment Product Range to Offer Versatility and A Broader Choice to the Scrap Metal Industry
Metso Recognized Codelco El Teniente as the First Mining Company to Use Metso's Innovative Grinding Technology

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  La Bella Bakery Artisan Bakery Arizona

Visit  JobsWare.com





 
  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)