Economy
June 21, 2015
Written by John Packard
Steel Market Update has been asked a number of times to define, or help our readers to understand, what is “injury” when it comes to the domestic steel industry.
Last week we heard from trade attorney Larry Friedman at the Association of Steel Distributors Meeting in Chicago that injury was losing sales, the lowering of prices in the domestic market or the inability to raise prices.
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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).