The United States Steel Producer is the largest exporter of thermal and marine steel in the world. The company produces and delivers thermal steel for general building construction, rail road, bridges, concrete and reinforced wire, railroad tracks, marine applications, petroleum refining, and automotive industry. The company’s main markets are North America, Western Europe, and Japan. It also exports low sulfur UCP and high-tech fibers to various countries around the world.
In the last year the company started upgrading its thermal steel plants to increase thermal production by about 20%. This increase will enable it to increase its crude steel output by about five percent to meet the demand for the raw material. This would help the company increase its revenues by about two billion US dollars nha container. The company expects its revenue to continue to increase by about six percent annually in the next four years.
The company has been able to increase its revenues due to higher sales of fabricated steel products. It is now the fourth largest seller of steel in the United States. The increase in crude steel output has helped its customers sell more of their products. In order to meet the demands from its customers, the company has introduced a lot of new technologies in its mills to increase productivity and reduce costs.
In the last year the company increased its production capacity by the installation of the 1000 tonne wet roller mill. It has successfully developed this mill in India. The success of the development in India has been a catalyst to increase the production capacity of the company in the United States. It has been able to increase its production rate by a rate of about ten percent per year to reach one million metric tons per annum. This has helped it to become the second largest manufacturer of mild steel in the world after Germany.
In addition to this, it has successfully developed its own mill in Brazil which has led to an increase in its production rate to one million metric tons per year. Brazilian workers are very efficient in producing fine steel products. Apart from this it has developed its own mill in Mexico and recruited about five thousand workers for its production. It is using this steel fabrication process to produce the superalloys NCA as it is resistant to corrosion.
It is not only Steel reputed in India but steel producers in other parts of the world are also interested in procuring Indian products. There are many reasons responsible for the popularity of Indian steel in export industry of countries like China, Malaysia, Russia, South Africa, Australia, USA etc. Among all these countries only China has higher crude steel production rate than India. Apart from this, countries like Russia and South Africa have large steel resources.