Millett: New Capacity, Imports Won't Slow U.S. Steel Market

Steel Dynamics Inc. (SDI) doesn’t see a big steel price correction in the cards because of broader – and largely unrecognized – structural shifts underway in the U.S. steel market, company executives said.

Industry experts have been focused on potential negatives such as new capacity, increased imports and the removal of trade barriers. They are missing the fact that new, advanced capacity is needed and that the domestic market has more protections against imports than in the past, they said.

Michael Cowden

Michael Cowden is managing editor for Steel Market Update. Cowden has covered the steel industry since 2007. He has since 2014 specialized in flat-rolled steel but has previously reported on steel long products, steel pipe and tube as well as aluminum. Before joining SMU, Cowden held reporting jobs at Fastmarkets AMM in Chicago - where he was involved in launching AMM's daily hot-rolled coil index, the Associated Press in Pittsburgh, and the Cambodia Daily in Phnom Penh. He has also worked as a copy editor and in marketing at the University of Chicago Press. Cowden has a BA in English from the University of Chicago and an MSJ journalism from Northwestern University’s Medill School of Journalism. Contact him at michael@steelmarketupdate.com or 724-759-7872.

Michael Cowden

Latest in Steel Mills

ArcelorMittal plans new Calvert mill without JV partner

Raw Steel Production Edges Up Again: AISI

USW Gives Cliffs Its Right To Bid on U.S. Steel

U.S. Steel Gives USW Some Assurances in Sales Process

Analysts Weigh in on Potential Sale of U.S. Steel