Soft demand and overcapacity issues have been nagging the steel industry, Berlin Metals president Roy Berlin said.
The steel industry continues to struggle despite rising orders from automakers, who have added third shifts and new employees to keep pace with their turbocharged sales.
Manufacturing activity in the United States is following a similarly volatile pattern as it continues to recover from the impact of the Great Recession.
After a solid seven months of the year, Roy Berlin said product volumes shipped from his steel service center have been down in recent months.
Steel service center executive Roy Berlin said the energy, mining and automotive sectors are continuing to lift domestic manufacturing and it is benefiting companies in Northwest Indiana.
Earnings for companies in the manufacturing sector should improve in 2012 compared to last year, steel service business owner Roy Berlin said.
Anyone waiting for a full recovery of the domestic steel industry in 2012 may have to wait one more year.
Anyone waiting for a full recovery of the domestic steel industry in 2012 may have to wait one more year. "This recession, (the steel industry) just recovered so slowly, and steel production is still not where it was before the boom years in 2007 and early 2008," said Monica Bonar, North Ame…
Manufacturing activity is continuing its improvement from previous months on the back of sectors including automotive and energy, Roy Berlin said.
Roy Berlin said his customers, which are users of steel, are doing better than they were in the throes of the recession a few years ago.
The owner of a Hammond steel processor and service center said his customers are expecting higher sales as a result of increased activity and orders.
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