Steel demand in the United States is mainly driven by the construction sector, which accounted for about 40 percent of demand in 2017. Other contributing sectors include the energy sector and automotive as well as machinery and equipment manufacturing.
Construction works ahead
The U.S. steel industry has witnessed consistently high prices of steel scrap and hot-rolled coil (hrc) steel in recent years, partly as a result of economic growth and, to some extent, due to the increased steel tariffs implemented by the White House in 2018. This trend has had a positive impact on steel producers. However, higher prices continue to put pressure on those markets where steel is used as an input material. In light of the nation’s reliance on steel imports, the enterprises under pressure may look to large steel producers such as Nucor, Steel Dynamics, and U.S. Steel. All of these companies are planning to bring new mills and furnaces on line.
Steel demand in the United States as of 2017, by sector
Access All Statistics. Starting from $708 / Year
Learn more about how Statista can support your business.
AISI. (June 13, 2018). Steel demand in the United States as of 2017, by sector [Graph]. In Statista. Retrieved August 08, 2020, from https://www.statista.com/statistics/752484/us-steel-demand-by-sector/
AISI. "Steel demand in the United States as of 2017, by sector." Chart. June 13, 2018. Statista. Accessed August 08, 2020. https://www.statista.com/statistics/752484/us-steel-demand-by-sector/
AISI. (2018). Steel demand in the United States as of 2017, by sector. Statista. Statista Inc.. Accessed: August 08, 2020. https://www.statista.com/statistics/752484/us-steel-demand-by-sector/
AISI. "Steel Demand in The United States as of 2017, by Sector." Statista, Statista Inc., 13 Jun 2018, https://www.statista.com/statistics/752484/us-steel-demand-by-sector/
AISI, Steel demand in the United States as of 2017, by sector Statista, https://www.statista.com/statistics/752484/us-steel-demand-by-sector/ (last visited August 08, 2020)