Economy
February 15, 2019
Written by Sandy Williams
SMU has updated the steel capacity chart that was published on Thursday to reflect new information obtained and to correct some errors regarding tonnage (metric to net tons). Here is the revised chart. If you know of any new steel capacity coming on line, please let us know and we will continue to update the chart (soon to be available in the Analysis section of the SMU website).
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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).