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Analyzing the US Steel Industry’s 1Q18 Demand Indicators

Mark O'Hara
Analyzing the US Steel Industry’s 1Q18 Demand Indicators

Specifically, we’ll be looking at indicators for the construction and automotive sectors, which respectively accounted for 43% and 27% of US apparent steel demand in 2016. US housing starts fell 7.0% in February to a SAAR (seasonally adjusted annual rate) of 1.236 million. The data was worse than expected. Earlier, housing starts had risen to their highest level in more than a year in January.