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US 2020 steel outlook: is infrastructure the ''wild card'' in the deck?

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08 April 2020

US 2020 steel outlook: is infrastructure the ''wild card'' in the deck?

Report summary

The coronavirus crisis is also taking a toll across the US steelmaking industry. Since the beginning of the virus spread, major producers such as AK Steel, ArcelorMittal and US Steel have all announced capacity closures which together total almost 10 Mtpa. This translates to about 8% of US’ overall crude steel capacity and represents the largest cutback in a month period since the GFC. With automotive steel demand slated to remain anaemic, we expect infrastructure to provide a much-needed breath to the steel sector. Still, we don't anticipate any gigantic investments this year. All in all, we think US’ steel demand will fall by 2% in 2020.

Table of contents

  • Overview
  • Automotive: inevitably down in H1. Some relief in H2?
  • Infrastructure! Infrastructure! Infrastructure!
  • Production to decline, but lower imports to prevent a sharper fall

Tables and charts

This report includes 6 images and tables including:

  • Steel capacity closures announced post-coronavirus spread
  • Automotive steel demand loss matrix (Mt)
  • Auto and light truck sales index
  • Construction growth/contraction scenarios and impact in total demand
  • 2019/2020 demand and production change
  • US steel trade

What's included

This report contains:

  • Document

    US 2020 steel outlook: is infrastructure the ''wild card'' in the deck?

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