Steel Companies See Hot Market Extending Into 2022

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U.S. steelmakers said demand for steel will remain strong deep into next year, keeping prices high for customers such as auto and appliance makers and stoking continued investments in new mills

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The extended boom in the $180 billion U.S. steel industry that began last year following the Covid-19-related shutdowns of mills is giving steelmakers more time to bring new plants into service and renew customer contracts at higher prices, executives said. Steel inventories remain tight as

 

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Why do we need new steel mills?

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