Economy
October 25, 2014
Written by Sandy Williams
The metalforming industry is expecting little change in business conditions during the next three months according to the October 2014 Precision Metalforming Association (PMA) Business Conditions Report.
Firms surveyed predict that there will be a slight drop in incoming orders during the next three months. Average daily shipping levels improved, however, showed improvement.
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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).