Oil Prices Become a Problem for U.S. Steelmakers

Updated on
  • Lower U.S. demand is hurting domestic producers and importers
  • The price of hot-rolled steel coil has lost 38% this year

U.S. steelmakers battered by plunging prices have been quick to blame a flood of cheap Chinese shipments. But with imports nearing four-year lows, another culprit is emerging: the energy collapse.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.