Date Added: Jul 2010
Steel is booming. Around the globe, mills are busy day and night turning out some 3 million tons of steel daily at sustained utilization rates rarely seen before. Steel companies in the so-called Triad - Europe, Japan, and the United States - are benefiting from high steel prices in their market segments and are showing strong cash flows. Moreover, despite the high cost of raw materials, profits are generally healthy. Also benefiting from the boom are the industry's principal suppliers - including raw - material suppliers, steel distributors, and trucking and shipping companies.