Economy
July 28, 2015
Written by Sandy Williams
The USW bargaining committee from Allegheny Technologies Inc. declined to bring the company’s latest contract proposal to a vote.
The contract presented to the union on July 24 “shows some measurable improvements on some issues but falls far short of a fair or acceptable offer on key issues including healthcare, retirement security, and scheduling.”
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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).