Economy
September 2, 2021
Written by Tim Triplett
Steel Market Update will not publish on Sunday due to the Labor Day holiday. We will resume our normal publishing schedule on Tuesday.
We will be sending out our market trends questionnaire on Monday and Tuesday as usual, however. Please take the time to share your views on steel prices and other factors affecting the market.
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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).