With the revival of the U.S. construction sector, crude steel production is also destined to grow, a research report by the consultancy firm RNCOS says.
Expectations are that between 2013-2017, that production will grow by 6 %.
The RNCOS analysis states that the U.S. steel industry plays a vital role in the overall economic development of the country. Steel is a basic component in infrastructural constructions, because it’s a reliable material providing strength, consistency and is often preferred by architects for the design of various residential and commercial buildings.
The report indicates that in 2012, the total construction spending went up more than 9 % compared to the previous year. Accordingly, the crude steel production also increased by 3 % during the same period, while production jumped by 8 %.
The overall positive prognosis of the economic climate in the country gives hopes that the U.S. construction will keep its steady pace of progress.
Read the full story at Digital Journal.
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