Last week I spoke at the AMM State of Steel Conference in Florida. Although I was on a construction panel, I was asked to provide a forecast of 2010 steel demand for the US. As many of you know, we believe the main drivers of steel demand in the US are the NAFTA vehicle build and the level of non-residential construction activity. I used the most recent forecasts for these two markets and came up with a forecast demand level of around 80 MT for 2010, up from 65-70 MT in 2009, but well below the levels of 2004-2008. I also looked at the long-term trend line forecast, which suggests that US demand will probably top out around 115 MT. Here’s the presentation.
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Hi there,
Nice presentation on US 2010 outlook! Please would you be so good as to send me a more user friendly verison, such as .pdf? Thanks very much.
Campbell Parry
Investec Cape Town
Indeed, it does still look bleak. And that will effect everyone, right down to those of us involved in bending steel tubes and beams.