Crude steel production in the
US indicates growth on the back of the rapid increase in demand from the energy, construction, and automobile sectors, according to a report entitled ‘
US Steel Industry Outlook' by RNCOS, a market research and information analysis company with a global presence. The report forecasts that
production of
crude steel in the
US will increase by around 4.6 percent during the 2011-2014 period.
The essential factors for the growth expected in
US crude steel output cited by the report are the demand from the major steel consuming industries and the
US government policies for steel manufacturing companies. It is also expected that the price imbalance between steel raw materials and finished steel will vanish in the near future and may lead to the reopening of closed steel manufacturing plants and boost steel
production in the country.