Economy
August 4, 2020
Written by Tim Triplett
Steps to contain the coronavirus pandemic have taken a serious toll on industrial production, manufacturing and durable goods orders in the U.S., but the data shows signs of improvement in June. The health of the manufacturing economy has a direct bearing on the health of the steel industry.
The Industrial Production Index
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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.
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