The weekly steel production numbers are neutral in my eyes not clearly suggesting more decline, a bottom or growth. I guess you pay your money and take your choice.
We may be seeing some hint of stability or recovery in steel volume.
Steel production continued to look like a continued slow decline. Weather may explain some of the decline.
http://www.washingtontimes.com/news/2014/feb/3/rahn-a-world-of-economic-trouble/