US Crude Steel Production to Grow at 4.9% CAGR

Thanks to recovering economy and construction starts, the crude steel production in the US will regain its growth momentum and reach 67 Million Metric Tons by 2012, says RNCOS.

RNCOS, a leading market research firm, has released a new research report “US Steel Industry Outlook” that extensively analyzed the steel industry potential and growth prospects in the US. The report has discussed post recessionary growth trend in various segments and associated industries (like automobile and construction). The research has been done with main focus on prevailing trends shaping current outlook of the industry and lead it towards strong future prospects.

According to the findings of the report, the US retained its fourth position in terms of global crude steel production despite a severe 36.5% production drop in 2009. Our analysis has identified the factors that helped the industry to maintain its position. Besides, the report states that the steel industry will start experiencing positive growth momentum from 2010 onwards on the back of various concrete market fundamentals.

The report has further revealed that the automobile and construction industries will act as growth boosters for the steel industry in coming years. The US housing starts will reach close to 1.7 Million units by 2012 from the level of 0.59 Million units in 2009. Similarly, the automobile production and exports are projected to show inevitable recovery from 2010 onwards, triggering steel industry development in the US.

Moreover, the US government has taken some corrective measure to revive growth in the steel industry. It has been identified that out of US$ 787 Billion stimulus package, close to US$ 115 Billion will be spent on various steel intensive infrastructure projects. Along with the government support, the recovering industrial sector is expected to further increase steel demand in the US.

“US Steel Industry Outlook” is an outcome of extensive research and thorough analysis of steel industry in the US. The report provides quantitative as well as qualitative information and evaluation of steel industry historical, ongoing and future projected trends. In addition, the report has made projection for steel demand in different vertical industries to give a rough idea about the direction in which the steel industry is likely to move in coming years. The competitive landscape segment is mainly focused on key industry players and provides valuable information about their business description, strategies together with SWOT analysis.

Short URL: http://readit.in/?p=11182