Economy
January 22, 2020
Written by Tim Triplett
Import/export steel prices lead the market higher, reported CRU experts in a webinar recorded on Jan. 17 as part of the monthly webcast series within CRU’s Global Steel Trade Service. The 25-minute presentation can be viewed any time by clicking the link below.
Overview
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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).