Economy

Lourenco Goncalves “Hopes Will be High for New Administration”
Written by John Packard
November 8, 2016
At the end of August Cliffs Natural Resources Chairman, President and CEO, Lourenco Goncalves spoke at the SMU Steel Summit Conference in Atlanta. During his “fireside chat” with SMU founder and publisher, John Packard, Goncalves was upbeat about the future of the steel industry and of the United States.
Later, in comments made before SMU cameras Mr. Goncalves said despite what happens in the presidential election, he is hopeful for a recovery in the steel market regardless of who is elected to be the new President.
“No matter who wins in November we are going to be fine, and we are going to be talking in a very positive way next year at this conference.” Lourenco Goncalves, SMU Steel Summit Conference, August 31, 2016.
Here is a video of Mr. Goncalves statement to Steel Market Update:

John Packard
Read more from John PackardLatest in Economy

Architecture firm billings remain down in January
Architecture firms continued to report a sharp reduction in billings in January, according to the latest Architecture Billings Index (ABI) released by the American Institute of Architects (AIA) and Deltek.

New York state manufacturing rebounds in February
Business activity in New York state’s manufacturing sector recovered nicely in February after a sharp decline the previous month, according to the latest Empire State Manufacturing Survey from the Federal Reserve Bank of New York. The general business conditions index rose 18 points to 5.7. This is a diffusion index, where a positive reading signifies […]

Dodge Momentum Index jumps to record high in January
The Dodge Momentum Index (DMI) rose to a record high in January, according to the latest data released by Dodge Construction Network.

CRU: China hits back with retaliatory tariffs on US
Targets include coal, liquified natural gas, crude oil, and other commodities

ISM: Manufacturing expands in January for first time in years
Following more than two years of contraction, US manufacturing activity rebounded in January according to the Institute for Supply Management.