NewswireToday - /newswire/ -
Delhi, New Delhi, India, 2006/08/16 - Over the past decade, US steel industry has been on a roller-coaster ride with vacillating prices. However the demand has been fast cruising limits owing to increased economic activity and reconstruction programs..
US steel industry is undoubtedly the world’s top performer in terms of productivity, environmental friendliness, quality standards and overall competitiveness. US Steel Industry economics is structured in a manner that makes it highly cost competitive.
US Steel industry performance is critical to the overall health of the economy, as well as developments in the other allied sector. This implies that if the steel sector creates one job, seven others will emerge in the other sectors of the economy.
Since 2004,the US Steel Industry market has been beset with fluctuations in prices. Despite that, the market has performed satisfactorily with good sales volume and large distribution network.
RNCOS’ market research report, “US Steel Industry - Future Outlook”, predicts that the future prospects for US Steel Industry will remain bullish due to consistent rise in demands. In 2006, scrap prices are likely to mount in the backdrop of the reconstruction process for loss of infrastructure in the aftermath of hurricane Katrina. This in turn will drive the prices for finished steel.
The analysts opine that the relatively strong demand in the Global Steel Industry, weak dollar and high freight rates warrant a reduction in steel imports. Imports will remain substantial, standing at 20% of the supplies. Though the profits will vacillate in general, mini mills will reap significant profits.
This report offers an overview of the US Steel Industry and seeks to answer industry specific questions, like:
• What is the US Steel Industry Structure?
• Who are the key competitors in the US Steel Industry?
• What is the current scenario in the US Steel Industry?
• What opportunities exist for the steel manufacturers in United States?
• What are the future prospects of the US Steel Industry?
• What are the success & sensitivity factors for the US Steel Industry Market?
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