Steel is integral to the success of the industries that form the backbone of the U.S economy. It is an important constituent of the

infrastructure, transportation and manufacturing related products. In the U.S, Steel is increasingly being recycled from scrap, constituting approximately 67% of the total steel produced. Steel accounts for 68% of the total produce by the mining industry, constituting a major chunk of the revenue generated by the sector.

RNCOS a leading market research firm in its report, "US Steel Industry - Future Outlook", finds that even though there was a minor dip in steel production in the previous year, demand is likely to be stable in the future. Suppliers in the US Steel industry Market are likely to focus more on capacity utilization than on capacity addition.