Steel (general) industry

The nonintegrated steel industry is exhibiting a strong forward momentum, though over the long term, growth could slow. Companies in this industry, which use electric arc furnaces to produce carbon steel from scrap, have improved their fundamentals. Shipment volume continues to grow higher, with estimates of 90 million tons of steel being projected for all of 1994. Investors in this market should not expect to see declining prospects until after 1996.