Growing Numbers of Iron and Steel Players Pin Their Hope on Economic Recovery of USA

Growing numbers of iron and steel concerned parties have a high degree of expectation for economic recovery of the United States while international iron and steel market keeps dull situation. In the United States, jobless rate was improved, bottoming out of construction field including housing was confirmed and sales of automobile is starting to recover. And improvement of global competitiveness in manufacturing field is also attention-getting on the background of energy cost down caused by Shale Gas And Oil Revolution. Recovery of construction, automobile and energy field goes directly to an increase of steel demand. Moreover, they raise profit of Nippon Steel & Sumitomo Metal Corporation, Marubeni-Itochu Steel, Sumitomo Corporation and Mitsui that widely develop iron and steel business in the United States.

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