Nucor needs to build traction for improved profitability in a slowly recovering steel industry amidst continued challenges of price volatility, cheap foreign imports and global steel oversupply.
Improving Global Steel Outlook
The global steel industry is slowly recovering while the global economy is edging away from recession. In the forthcoming year, the World Steel Association forecasts that global steel production will increase by 3.3% to 3.4%. For the first time since 2011, all major steel consuming countries have shown positive growth. For the first time since 2006, the growth rate in China (about 3%) would Continue reading...