Posted 3/9/2024, 10:00:00 PM
Manufacturing Rebound Set to Drive Steel Demand, Testing Supply Chain Capacity
- Recent increase in manufacturing signals fundamental shift, potentially boosting steel demand as operations expand
- Automotive and infrastructure sectors are key drivers of rising steel demand, spurred by tech advances and investments
- Manufacturing growth may lead to global steel supply constraints, prompting producers to expand capacity
- Automotive production and infrastructure development fueling demand for steel
- Manufacturing sector influences steel prices; price volatility presents revenue opportunity if demand stays strong