Good Signs for the Future of Steelmakers
According to an article published on IndustryWeek.com in December, the Steel Industry is finally thriving again after years of bleak news in the U.S. and European markets. Here are a few signs pointing to a prosperous outlook.
Global Demand is strong.
Estimated usage is foreseen to rise 3% in 2018.
China is shutting down plants to cut pollution.
These plants have long caused the market to be flooded with too much supply.
Trade defenses have been strengthened after China's so-called steel dumping.
China's exports have dropped to the lowest since 2014, and further cuts are expected to come.
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Sources: Steel’s Surprising Comeback Is Far From Over - Dec 1, 2017
by Thomas Biesheuvel - IndustryWeek.com