Steel Industry Operating Capacity Grows By Two-Thirds
05/05/2010
"We are seeing in some sectors a much stronger uptick: Dan DiMicco, CEO of Nucor Corporation, told the Journal. "We are optimistic, but we are cautiously optimistic."
Steel manufacturers across the country are reporting growth. Welspun Corporation is boosting production at its Little Rock plant to 24 hours a day, and plans to hire 230 more workers to make oil and gas pipelines. Energy companies anticipating growing energy demands are helping to build up the steel industry with increased orders.
Vallourec, another steel producer, is also growing its Youngstown, Ohio facility. But not all companies are being lifted. U.S. Steel Corporation has recorded consecutive quarters of losses. Residential and commercial construction has remained slow.
Most Read
-
-
2019 Top States for Doing Business: Georgia Ranks #1 Sixth Year in a Row
Q3 2019
-
Hot Jobs: Growing Industrial Sectors
Q4 2019
-
A Site Selector’s Checklist for Locating in the U.S.
Location USA 2019
-
Where to Invest in the Booming Aerospace Manufacturing Industry
2019 Auto/Aero Site Guide
-
Tips for Navigating Incentives in Site Selection Process
Q1 2020
-
Hiring Challenges Continue Throughout the U.S.
Q4 2019