July 2002
U.S. Industry Quarterly Review: Metals;2002 3rd Quarter, p57
Industry Profile
Industry Overview
The article presents an industrial outlook for metal industry in the U.S. The health of the steel industry has improved in 2002, but faces the return of several old challenges. Japanese steel companies Kawasaki and NKK are merging, creating a new steel company called JFE. The merger will create the world's second largest steel company by capacity, but JFE intends to close at least two blast furnaces and multiple rolling mills. Even as consumer spending slows, businesses will finally increase investment in plant and equipment, although an increase does not mean a boom.


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