20 Jun Nerves of Steel

June 20, 2007, Post-Tribune (Gary, Ind.), BY DANIELLE BRAFF NEW YORK -- American steel makers speaking Tuesday during the 22nd annual Steel Success Strategies convention stressed the importance of restraint and discipline when attempting to make a profit during fluctuating market demand. At a time when supplies are likely to exceed demand throughout the summer, the steel mills have to work to remain sustainable, and they need to adjust their production rates so the price of steel doesn't drop, said Lou Schorsch, CEO of Flat Carbon Americas for Arcelor Mittal and former CEO of Mittal Steel. Schorsch said there were a number...