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Steel demand in the US to remain strong, Acerinox CFO says

Reuters

MADRID, Feb 5 (Reuters) - Steel demand in the United States is likely to remain strong, Spanish steelmaker Acerinox's Chief Financial Officer Miguel Ferrandis Torres said on Monday.

The U.S. government-sponsored investment included in the Inflation Reduction Act plan will buoy demand, he said in a conference call with investors to discuss the acquisition of U.S.-based alloys manufacturer Haynes International for about $800 million. (Reporting by Joao Vicente, editing by Inti Landauro and David Latona)