Economy
T'was 2 Days Before Christmas...
Written by Sandy Williams
December 22, 2014
We received this poem from one of our manufacturing customers with a sense of humor. Enjoy and Happy Holidays to each and every one of you.
T’was just 2 day’s,
Before Christmas,
When all through the market,
The mills are so quiet,
Will they hit my target?
Their stocks keep dropping,
The market’s a bear,
The mills keep crying.
“Imports aren’t fair”.
The marketing guys seem nestled,
All safe in their beds,
While visions of dropping prices,
Danced in their heads.
The mills are hiding,
Praying for a cap,
While buyers keep watching,
Low imports fall in their lap.
When on my computer,
There rose such a clatter,
Closing schedules and import offers,
More of the latter.
Away to my order book,
I flew like a flash,
But alas, my warehouse is full,
Not even room for the trash.
Happy Holidays to everyone in the steel industry. With fingers crossed we are hopeful 2015 will be a safe and profitable one for everyone within the industry.
Sandy Williams
Read more from Sandy WilliamsLatest in Economy
Architecture billings flat in October after months of contraction
Architecture firms reported stable billings in October, according to the latest Architecture Billings Index (ABI) released by the American Institute of Architects (AIA) and Deltek. This follows 20 months of contracting business conditions.
Trump taps Lutnick to be Commerce Secretary
President-elect Donald Trump has named Wall Street veteran Howard Lutnick as the new US Secretary of Commerce.
New York state manufacturing activity ramps up to multi-year high
New York state’s manufacturing sector saw substantial recovery in November, according to the latest Empire State Manufacturing Survey from the Federal Reserve Bank of New York.
CRU: Dollar and bond yields rise, metal prices fall as Trump wins election
Donald Trump has won the US presidential election. The Republican party has re-taken control of the Senate. Votes are still being counted in many tight congressional races. But based on results so far, the Republicans seem likely to maintain control of the House of Representatives. If confirmed, this will give Trump considerable scope to pass legislation pursuing his agenda. What this means for US policy is not immediately obvious. Trump will not be inaugurated until Jan. 20. In the coming weeks and months, he will begin to assemble his cabinet, which may give a clearer signal on his policy priorities and approaches. Based on statements he made during the presidential campaign, we have set out the likely direction of his economic policy here and green policy here.
ISM: Manufacturing index fell in Oct to lowest point of ’24
Domestic manufacturing contracted for the seventh straight month in October, according to the latest report from the Institute for Supply Management (ISM). This marks the 23rd time in the last 24 months that it has been in contraction.