Nucor Steel chief predicts decades of high commodity prices
June 27, 08 by TheFleetIf you're new here, you may want to subscribe to our RSS feed. Thanks for visiting!
By Steve James | Source: Reuters
The price of steel-making raw materials such as iron ore, coal and scrap metal will continue to rise for several years, keeping pressure on manufacturers and consumers, the head of U.S. steelmaker Nucor Corp said on Wednesday.
“The bull market for commodities will last for decades to come, and our customers need to get used to it,” Dan DiMicco, the company’s chairman, president and chief executive, told a steel conference.
His comments, at the American Metal Market’s Steel Success Strategies conference, echoed those of U.S. Steel Corp’s Chief Executive Officer John Surma on Tuesday.
