Economy
October 11, 2013
Written by Brett Linton
The Board of Directors of the World Steel Association (worldsteel) has elected the following new officers for 2013/2014:
Chairman: POSCO Chairman and CEO Joon-Yang Chung
Vice Chairmen: Severstal JSC CEO Alexey Mordashov, voestalpine AG CEO and Chairman Wolfgang Eder
Treasurer: JFE Steel Corporation CEO and President Eiji Hayashida
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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).