Economy
August 21, 2018
Written by Tim Triplett
Editor’s note: The following was contributed by Analyst Ryan Cochrane of the CRU Group.
Global concentrate inventories first reached critical levels in 2017 Q1, leading to Chinese smelter utilization rates falling below 90 percent and remaining at depressed levels since.
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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).