Industry, Economy on Road to Recovery, Says Head of NLMK USA

Markets are vastly improved from where they were two months ago, said James Banker, Executive Vice President of NLMK USA, during Steel Market Update’s Community Chat on Wednesday. Conditions seem good, mostly because they are coming off a “really awful period,” he said.

NLMK USA relies on its customers for information about the market, and they are reporting that none were shut down entirely during the pandemic and the government response to both the pandemic and resulting recession has been positive. “Customers took advantage of government help and weathered the storms,” Banker said.