Economy
August 11, 2015
Written by Sandy Williams
China made a surprise devaluation of its currency today to bolster its faltering economy. The 2 percent devaluation of the yuan will make imports to China more expensive but will make exports more attractive to international traders.
The American Iron and Steel Institute (AISI) issued a statement today concerning today’s currency move by the Chinese government.
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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).