Steel Mills
October 1, 2020
Steel Execs Upbeat in Describing Industry in Transition
Written by Sandy Williams
Recovery, fundamental, opportunity, strategic, exciting. These are the five words steel executives used during AIST’s Virtual Town Hall Forum Wednesday to describe the current state of steel. In the aftermath of an unprecedented upheaval for the economy and the industry caused by the COVID-19 crisis, executives from Big River Steel, Cleveland-Cliffs, Nucor, Steel Dynamics and U.S. Steel said they are looking to the future, stronger and more focused than ever.
U.S. Steel CEO David Burritt’s word was recovery—recovery in confidence, in lead times and in order books. Recovery in selling prices supported by rising scrap costs and demand. “We can’t get to the future fast enough,” said Burritt.
