Economy
April 22, 2019
Written by Sandy Williams
The metalforming industry is expecting a dip in business conditions in the next three months, according to the April 2019 Precision Metalforming Association survey.
“The Business Conditions Report reflects the growing concern of metalforming manufacturers that the Section 232 steel tariffs are creating a drag on the U.S. manufacturing sector,” said PMA President David Klotz.
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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).