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.
Estimated usage is foreseen to rise 3% in 2018.
These plants have long caused the market to be flooded with too much supply.
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