US crude steel production to grow by 4.6 percent in 2011-2014

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.