SOURCE: StockCall

StockCall

October 11, 2010 08:53 ET

Equity Research on United States Steel and Reliance Steel & Aluminum - U.S. Steel Makers Gearing For Tougher Competition

JOHANNESBURG, SOUTH AFRICA--(Marketwire - October 11, 2010) -  www.stockcall.com/ offers investors comprehensive research on the metal fabrication industry and has completed analytical research on United States Steel Corp. (NYSE: X) and Reliance Steel & Aluminum Co. (NYSE: RS). Register with us today at www.stockcall.com/ to have free access to these researches. 

The Metal Fabrication and Steel industry as a whole has see great gains during the past year. After a large decline in consumption following the global recession, steel usage has begun to return to pre-recession rates. Global steel consumption was initially expected to grow 10.7% during 2010, but that number has since been increased to 13.1%. Growth is expected to slow to 5.3% next year as demand in China and Japan falls. Register now at https://stockcall.com/development/stockcall/page.php?name=register.html to have free access to our reports on the metal fabrication industry.

www.stockcall.com/ is an online platform where investors doing their due-diligence on the metal fabrication industry can have easy and free access to our analyst research and opinions on United States Steel Corp. and Reliance Steel & Aluminum Co.; investors and shareholders of these companies can simply register for a complimentary membership at https://stockcall.com/development/stockcall/page.php?name=register.html

In China, the government is inhibiting steel production as a means to curb the rampant property speculation in the real estate sector. In Japan, more stringent economic policy as well as a strong yen has further hurt steel consumption. Despite all this, global steel use could still increase to a record high next year at 1.34 billion metric tons. The emerging market of India is slated to grow 8.2% this year and South America is expected to grow 9.1%. In the U.S. a sharp recovery of 32.9% is forecast while a growth of 18.9% is expected in the European Union. Visit www.stockcall.com/ to see how companies in this industry have grown over the past years and how they are expected to perform in the future.

One major source of competition for U.S. Metal Fabricators such as United States Steel Corp. and Reliance Steel & Aluminum Co. has been the trend for consolidation within the Chinese steel market. Backed by the Chinese government, the sector has been trying to acquire smaller independent steel makers as a means to curb the inefficiency of their outmoded equipment. This poses a problem for U.S. steel makers as the larger corporations become difficult to compete with. Many U.S. companies have been responding by focusing investment in technological upgrades or partnerships with Chinese companies. United States Steel Corp. and Reliance Steel & Aluminum Co. research report are accessible for free by registering today at www.stockcall.com/X111010.pdf or www.stockcall.com/RS111010.pdf

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