November 14, 2013
Bharat Book Bureau
US Steel Industry Outlook to 2017
in their latest research report, "US Steel Industry Outlook to 2017", analysts have identified that the US steel industry has been playing an important role in the overall economic development. This can be attributed to its increased production and consumption levels in 2012 with respect to the previous year. Crude steel production surged around 3% in 2012, while consumption increased more than 8% during the same period. The analysts expect that this trend will continue in future too due to increases in consumption from various industrial sectors. (
The US steel industry ranked third largest in the world in terms of production and is also one of the world's largest to be consumed. In 2012, the country maintained its third position globally with nearly 5.7% share in crude steel production. The industry benefited from soaring steel demand in the automobile and construction sectors. Moreover, the cost effective and highly efficient steel making technologies worked as a catalyst that uplifted the US steel demand in the international markets.
Essentially, the report studies the US steel industry in terms of production, consumption, export and import scenarios; steel demand analysis; pricing analysis; etc. Further, product-wise production and consumption have been discussed including long products, flat products and seamless tubes with forecast till 2017. The report covers a breakup of the long products production into concrete reinforcing bars, bars and wire rods; and flat products into electrical sheet & strip, tin mill and other metallic coated sheet & strip. In addition, the consumption section in the report covers consumption by types of product, which represents that flat products account for the major share in total steel consumption in the country. A coverage of finished steel consumption by products, including stainless steel sheet or strip, plate, bar, rod and wire is also provided.