Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.

  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password.

In this list

No bounce soon in US steel market; 'crapshoot' in 2020: Nucor CEO

Oil | Crude Oil | Refined Products | Gasoline

The future of liquid fuels in an energy transition


Platts World Steel Review

Commodities | Metals | Steel | Materials | Building & Construction | Financial Services | Macroeconomics

Steel Markets North America Conference, 16th Annual


Soybean oil futures fall to lowest level since Oct amid virus spread fears

No bounce soon in US steel market; 'crapshoot' in 2020: Nucor CEO

Monterrey, Mexico — The steel market in the US won't see much of a pickup the remainder of this year, and next year is too early to call given political uncertainty, according to Nucor Chairman and CEO John Ferriola.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

"The rest of this year will be pretty flat," he said during an interview ahead of the World Steel Association general assembly. "Going into next year, it's really a crapshoot."

The 2020 presidential election has brought political uncertainty.

"So I don't know how it's going to play out next year," Ferriola said.

Related coverage

The outgoing Nucor CEO, who announced his retirement effective December 31, said he feels good about the overall long-term aspects of steel demand in the US.

"Manufacturing is coming back," he said. "My biggest concern is that we have what I call a media-induced recession ... talking ourselves into bad news."

From Nucor's vantage point, especially its downstream businesses like Harris and Vulcraft as of the end of Q2, Ferriola said, "Pricing has slipped, but demand is good."

The S&P Global Platts price assessment for US-made hot-rolled coil steel closed Friday at $505/st, ex-works Indiana, down nearly $100 from the recent high of $600.50/st August 15.

The World Steel Association's short-range outlook for 2020 sees finished steel demand growth for North America of 0.8% to 142.6 million mt over 2019's projected 141.5 million mt.

-- Joe Innace,

-- Edited by Bill Montgomery,

Steel Markets Daily

Platts Steel Markets Daily is a leading source for steel raw materials news and prices (including met coal spot prices; Platts IODEX and TSI 62% benchmark assessments). Click the link below to receive the publication for a short period of time.

Free Trial