Economy
May 27, 2014
Written by Peter Wright
Durable Goods, a measure of the health of the steel industry, saw new orders increase for the fourth consecutive month in April ,continuing the healthy trend that has existed since the recession. Both March and April were above trend, (Figure 1).
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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).