Steel Industry Leaders in US Have High Hopes for Revival in 2025
- Rate cuts, construction expected to boost appetite for steel
- One analyst sees ‘relief rally’ on US steel after election
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American steel executives say they’re optimistic that demand for the industrial material will rebound next year, recovering from the lackluster demand and low prices that have hobbled the industry in 2024.
Many industry leaders who gathered at the SMU Steel Summit in Atlanta earlier this week said they have high hopes in 2025. They see a turnaround fueled by an improving US economy, as large infrastructure projects get built and interest-rate cuts encourage consumer spending.