Economy
February 12, 2015
Written by Sandy Williams
The USW oil refinery strike has expanded to 11 plants and is nearing the end of its second week. Over 3,800 workers are now actively striking, protesting unsafe conditions and use of unskilled contractors.
The latest facilities to be affected by the strike are British Petroleum (BP) refineries in Whiting, Indiana and Toledo, Ohio, joining walkouts at facilities in Texas, California, Kentucky and Washington.
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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).