US Steel forecasts that total shipments in the fourth quarter may increase slightly compared to the third quarter. For the white goods sector, shipments slowed in the third quarter due to consumer sentiment. Service centers and industrial construction are buying cautiously. Demand for the construction industry remains flexible, with the pipe segment producing 173,000 tons of steel in the third quarter, up 48 percent year on year, and utilization rate of 76%, up 24 percent.
The company emphasizes its optimism about automotive industry demand, which will increase steel demand in 2023.
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