Recovering US Industrial Sector to Further Create Steel Demand in the Country, Finds SBI11 Sep 2012 • by Natalie Aster
The steel industry is vital to the economic competitiveness of the United States. Steel serves as the backbone to automobiles, bridges, buildings, railroads, and machinery and is an important component of national defense weapons. Industry consolidation is shutting the doors of once thriving steel plants. Industry unemployment figures continue to rise in regions with the highest concentration of steel mills, including New York, Pennsylvania, Ohio, and Michigan. The U.S. government has taken some corrective steps to revive the overall economy and infuse steel demand in different facets of manufacturing. Out of the more than $780 billion stimulus package, about 15% of the amount is expected to be spent on infrastructural projects requiring steel as an essential construction raw material. This will transform in the consumption of around 11 million short tons of steel in various federal governments supported projects. Along with the government support, the recovering industrial sector is expected to further create steel demand in the U.S.
The new SBI report, “The U.S. Steel Industry Outlook” examines the competitive and economic challenges facing raw steel producers and end-users of steel. The analysis includes a historical perspective of the U.S. steel industry between 2006 and 2011 and forecasts the market value through 2022. The chapters discuss the key industries affected by U.S. steel production: construction, automotive, and machinery/equipment. It profiles the leading manufacturers of raw steel and values the import and export market of steel raw materials. We size the market based on historical data between 2002 to 2011 and forecast growth through 2022. Market sizing focuses on the stainless steel and ferroalloy steel segments. Our analysis takes a top-down approach to market projections in which we first estimate overall U.S. steel demand and production activity, including import and export values, and then extrapolate and project the value of select downstream steel products.
The U.S. Steel Industry Outlook
Published: August, 2012
Price: US$ 4.950,00
The presentation of market data is as follows:
- U.S. Steel Production and Value (in millions of tons and dollars), 2012 to 2022
- U.S. Steel Industry Spending (in $ millions) on Raw Materials, 2012 to 2022
- Value of U.S. Steel Industry Imports (in metric tons) of Carbon and Alloy and Stainless Products, 2006 to 2012
- Value of U.S. Steel Industry Exports (in metric tons) of Carbon and Alloy and Stainless Products, 2006 to 2012
- Total Economic Impact of U.S. Steel Industry (in $ thousands) and Other Steel Market Value Data, 2006 to 2009
- Import/Export Value of Selected U.S. Steel Downstream Products, 2012 to 2022
- Market Value (in $ millions) of U.S. Steel Consumption by Manufacturing Sector, 2012 to 2017
More information can be found in the report “The U.S. Steel Industry Outlook” by SBI.
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