U.S. Steelmakers Gird for $1 Billion in First-Quarter Kickoffs

December 5, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Three major steel producers are leading capital investments set to kick off across the U.S. in January, with demand from the automotive and renewable-energy industries driving their capacity additions. Industrial Info is tracking more than $1 billion worth of steel-manufacturing projects that are set to begin construction in the first quarter of 2025, with revamps accounting for the largest number of developments. Companies featured: Nucor Corporation (NYSE:NUE), SMS Group, Mercedes-Benz, JSW Group and Pacific Steel Group