Economy
September 4, 2013
Written by John Packard
The key factor holding prices firm was the continuation of supply issues at the domestic steel mills.
During the month we had ArcelorMittal Indiana Harbor lose their #3 blast furnace for a week. The furnace is back online as of the end of the month.
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To kick off the official sessions of the 2023 Steel Summit, Dr. Anirban Basu, chairman and CEO of the Sage Policy Group, focused on the broader context in which steel prices are set, outlining major factors currently shaping economic outcomes in our country.
Mexico has decided to implement import tariffs on a number of products, among them, steel.
As mortgage rates continue to rise and housing demand slows, builder confidence is waning. A drop in July housing starts was the first in seven months.
Economic activity in the US manufacturing sector contracted for the ninth month in a row in July, according to the latest report on business from the Institute for Supply Management (ISM).