SMU Community Chat
August 13, 2020
AISI's Gill: Economy Needs a “Shot in the Arm,” Literally
Written by Sandy Williams
“A Covid-19 vaccine would be a ‘shot in the arm’ for the economy,” said AISI Chief Economist Tim Gill during Wednesday’s SMU Community Chat Webinar.
2020 has been a challenging year for the steel industry in the U.S. and around the world, said Gill. Capacity utilization rates fell 30 percentage points from mid-March to just over 50 percent in early May. The good news is the situation has improved and capacity utilization was up to 60.4 percent last week.
