U.S. Industry Quarterly Review: Metals

April 2002
U.S. Industry Quarterly Review: Metals;2002 2nd Quarter, p57
Industry Profile
Industry Overview
The article presents news items related to demand and supply of metal in the U.S. market published in the April 2002 issue of the journal "U.S. Industry Service Quarterly Review." Supply is tight for some products, particularly metal sheet. Section 201 tariffs are limiting imports, and the closure of some mills has reduced capacity. Prices exploded for several products, and probably rose too far too fast. A relapse is expected for late summer, as high prices stifle demand just as supply ramps up. The relapse will be temporary, and 2003 and 2004 will see increases stick. The outlook for steel mills is better than it was before Section 201 tariffs were imposed, but the tariffs provide only a short-term respite. They are by no means a solution to the structural problems faced by the industry. The acquisition of Birmingham Steel and Trico by Nucor are positive steps, but more consolidation is needed.


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