Economy
May 30, 2023
More Domestic Electrical Steel Output Needed: Trade Groups
Trade organizations along the electrical steel value chain are urging President Biden to increase domestic production of the products.
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Steel Summit: Dr. Basu Says “You Can’t Handle the Truth!” of a Recession
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 Announces 25% Import Tariffs on Steel
Mexico has decided to implement import tariffs on a number of products, among them, steel.
Builder Confidence Declines as Mortgage Rates Rise
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.
US Manufacturing Sector Contracts Again: ISM
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).