Structural Steel Demand, Construction Volume to Rise in 2007
Along with forecast data showing a continued growth in total construction volume, demand for structural steel on construction projects in the U.S. will continue to grow in 2007.
Along with forecast data showing a continued growth in total construction volume, demand for structural steel on construction projects in the U.S. will continue to grow in 2007.
The American Institute of Steel Construction (AISC) projects a growth in tonnage demand for structural steel of 2 percent in 2007.
The 2007 forecast shows a continuation of the trend in recent years towards increased usage of structural steel on projects of every description. Notable areas of growth in demand for structural steel in 2007 will include industrial and warehouse projects; parking; schools and universities; and public sector projects, according to the AISC.
Industry reports also indicate growth in demand for structural steel on projects not traditionally included in national building square footage statistics, such as power plants, petrochemical and ethanol facilities, processing facilities and non-roofed stadiums.
Overall, forecast data also shows continued growth in total
construction volume, with 2007 projected to equal the previous peak of 1.94 billion square feet achieved in 2000.
To meet increased demand, the domestic production capacity of structural steel will increase by 10 percent in 2007 as a result of mill expansions currently under construction.
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