Steel Products Prices North America
March 28, 2014
Are We Ready for a Wild Ride?
Written by John Packard
We are beginning to see a new push away from a fragmented steel mill supply base as closures of capacity coupled with the recent acquisition of ThyssenKrupp Steel USA by ArcelorMittal/Nippon Steel Sumitomo Metals Corporation (AM/NS Calvert) are reducing the number of players and the tons in the game.
Over the past two years we have seen the demise of RG Steel with many of the RG Steel mill assets being sold off for scrap value or in pieces that will not add new capacity to the marketplace. We also saw U.S. Steel take the Hamilton blast furnace totally off-line (cold).
