Economy
January 30, 2020
SMA on Demand, Tariffs, Infrastructure and Coronavirus
Written by Sandy Williams
Demand is looking good for the steel industry this year, especially in the construction sector, said panel members on the Steel Manufacturers Association media call today.
Dave Sumoski, Nucor Executive Vice President – Merchant and Rebar Products, noted that construction is a major area for Nucor. The market for steel bar is very strong with backorders in fabrication out to the end of the year. Although a federal infrastructure bill is still under development, states have stepped up to the plate to find funding for infrastructure work. Automotive, down slightly from its record years, continues to be robust, he said.
