Economy
Commerce Develops New Tool to Monitor Steel Trade
Written by Tim Triplett
September 11, 2018
The Commerce Department has developed a new tool that makes it easier to track steel trade flows. The Global Steel Trade Monitor, available here, provides extensive and timely steel trade data for the top 20 global steel importing countries and top 20 global steel exporting countries.
“Timely detailed data in user-friendly formats are essential both for enforcement and for policy determinations,” said Commerce Secretary Wilbur Ross. “This interactive Global Steel Trade Monitor will strengthen U.S. companies’ and the U.S. government’s ability to track trade flows to better understand the relevant trends in this essential sector.”
The new tool gives users the flexibility to select online customized import and export flows in intuitive graphic form and detailed charts for five aggregate steel mill product groups: flat, long, pipe and tube, semi-finished, and stainless products. The tool can produce more than 20,000 charts, which will be updated more frequently than the current comprehensive country reports, Commerce said.
The monitor improves upon the Global Steel Monitor Country-Specific Reports that the department began publishing in 2016.
Tim Triplett
Read more from Tim TriplettLatest 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.