U.S. steelmakers, which are pressing President-elect Barack Obama for an aggressive stimulus plan to revive the sagging market, could soon see an increase in demand as buyers move to restock shrinking inventories according to Reuters. Shares of such steel companies as Nucor Corp and U.S. Steel Co fell sharply in recent months after steel buyers withdrew orders because of frozen credit markets and the slumping U.S., European and Chinese economies.
