Economy
December 19, 2019
Written by Matthew Watkins
By CRU Principal Analyst Matthew Watkins, from the Steel Sheet Products Market Outlook
The European Green Deal for the EU was launched on Dec. 11 by the new European Commission. This is a strategy that aims both at achieving zero net emissions of greenhouse gases by 2050 and at managing the transition to that state for the EU’s citizens and businesses.
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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).