Economy
July 17, 2023
Manufacturing activity in New York state has stayed relatively level in July compared with the previous month, according to the most recent Empire State Manufacturing Survey.
The headline manufacturing general business conditions fell six points to 1.1 in July month-on-month, according to survey results collected between July 3 and July 11 by the Federal Reserve Bank of New York.
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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).