Economy
AISI Welcomes Two New Directors to the Board
Written by Sandy Williams
June 3, 2019
The American Iron and Steel Institute’s (AISI) Board of Directors today welcomed two new directors — Michael McQuade, Algoma Steel Chief Executive Officer, and Ed Ramsey, Regional President-North America for Harsco Metals and Minerals.
“Michael McQuade and Ed Ramsey are tremendous ambassadors for the steel industry, and I am excited to welcome them to the AISI Board of Directors,” said AISI Chairman and AK Steel CEO Roger Newport. “With their help, we will continue to advocate for the best interests of the North American steel industry, our workers, and our customer and supplier partners.”
AISI President and CEO Thomas J. Gibson added, “Michael and Ed both have years of steel industry expertise that will serve as an asset to the Institute as we navigate this critical period in the history of our industry.”
The announcement took place at the Board of Directors meeting in conjunction with AISI’s joint 2019 General Meeting with the Steel Manufacturers Association in Washington, D.C.
Sandy Williams
Read more from Sandy WilliamsLatest in Economy
Dismal ABI suggests weakness in non-res construction will persist
The August Architecture Billings Index (ABI) continued to indicate weak business conditions amongst architecture firms through August, according to the American Institute of Architects (AIA) and Deltek.
New York state manufacturing activity strengthens in September
New York state saw a recovery in manufacturing activity in September, according to the latest Empire State Manufacturing Survey from the Federal Reserve Bank of New York.
US construction spending slips in July
Construction spending in the US in July was slightly lower than June. Despite the decline, it increased notably year on year (y/y).
Beige Book: Economic growth hit by tighter consumer spending
Growth in the US economy continues to struggle in most districts. The Federal Reserve’s Beige Book report for August shows two-thirds of reporting districts flat or declining economic activity.
Steel Summit 2024: Dr. Basu predicts near-term weakness in US economy
“The US economy, despite some near-term weakness I suggest in early 2025, is going to be strong," Dr. Anirban Basu said this week.