RNCOS - US Steel Industry Recovery Inevitable in 2010

The US represents one of the world's biggest steel industries both in terms of production and consumption. The industry has shown impressive growth record over the past few years, but the financial crisis proved a nightmare for it and negatively affected the industry developments in the second half of 2008. In order to examine the consequences and evaluate the steel industry resistance against recession, RNCOS, a leading market research firm, has thoroughly studied the US steel industry past and current outlook in its latest report "US Steel Industry Outlook".

Our study has identified various critical factors currently steering the industry and will be accountable for its recovery from the economic slowdown. As discussed in the report, the automobile sector currently accounts for around 20% of entire steel consumption in the US. With a solid CAGR projection for the automobile production in the country, the steel demand will also get boosted and the industry will start seeing most awaited recovery signs.

The report further reveals that the US government has also taken some corrective steps to revive the steel industry. Out of US$ 787 Billion stimulus package provided to the whole industry, around 14.6% of amount is expected to be spent on infrastructural projects that require steel as an essential construction raw material. This will transform in the tremendous boost to steel consumption in various federal government supported projects. We expect that the recovering industrial sector will further infuse steel demand in the country.

"US Steel Industry Outlook" provides comprehensive research, unbiased analysis and cutting edge market intelligence on the US steel industry. The report also includes comparable statistics, reliable and authentic data for various segments of the industry. It also facilitates steel demand analysis in all prominent steel prone sectors including automobile, construction, energy, etc till 2012. A brief introduction of key market players and unbiased SWOT analysis have also been included in order to provide an overview of competitive landscape scenario in the US steel industry.

For more information visit: http://www.rncos.com/Report/IM159.htm