Economy
October 23, 2017
Written by Peter Wright
The growth in global steel production is surging, driven by construction in the developing world, according to Steel Market Update’s analysis of World Steel Association data.
WSA’s October 2017 short-range outlook, while painting a generally improved picture over the April update, is no big surprise. Global steel recovery has picked up further, and there are more visible signs of investment recovery.
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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).