Increasing international competition in the steel industry may work against domestic companies such as Steel Dynamics. China demands the largest share of steel industry worldwide but is also the world's largest steel producer. Expected to soon become a net exporter, China will be a tough force to cope with in the international steel industry.
The steel industry has been experiencing an unprecedented streak of success recently. However, it is a regularly cyclical industry, and considering recent troubles in significant parts of the economy, a downturn in the industry may not be long off.