SOURCE: Industrial Info Resources

Industrial Info Resources

April 28, 2011 06:30 ET

North American Steel Industry Bets on Future With $19.9 Billion Project Development, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - Apr 28, 2011) - Researched by Industrial Info Resources (Sugar Land, Texas) -- With demand for steel improving, steel mill capacity utilization rates have risen to more than 70%, driving North American steel manufacturers to invest in capital expenditures this year. Steel producers are positioning themselves for growth after a significant decline in sector activity during the past two years. Notable companies involved in big expansions in the U.S. include Nucor Corporation (NYSE:NUE) (Charlotte, North Carolina), United States Steel Corporation (NYSE:X) (Pittsburgh, Pennsylvania) and Steel Dynamics Incorporated (NASDAQ:STLD) (Fort Wayne, Indiana). "We've noticed a significant uptick in project activity, both capital and maintenance expenditures, in the U.S. steel manufacturing sector since the beginning of the year," said Joseph Govreau, VP Metals & Minerals for Industrial Info.

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Industrial Info Resources (IIR), with world headquarters in Sugar Land, Texas, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. IIR's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. For more information send inquiries to metalsandmineralsgroup@industrialinfo.com or visit us at www.industrialinfo.com.

Contact Information

  • Contact:
    Joe Govreau
    713-783-5147