Economy
Tanners to Join Wednesday's SMU Community Chat
Written by Tim Triplett
May 1, 2020
Timna Tanners, metals and mining analyst for Bank of America, will be the guest speaker for the next SMU Community Chat, beginning at 11 a.m. ET on Wednesday, May 6.
Tanners raised eyebrows last year with her prediction that the mills’ many planned capacity additions would oversupply the market in the next few years and cause “Steelmageddon,” a dramatic drop in steel prices. As it turns out, it’s the coronavirus pandemic that has wrought a sort of armageddon on the global economy and steel prices. Rather than adding capacity, the mills are now taking dramatic steps to curtail production and align it with the weak demand.
Be sure to join us for Wednesday’s webinar to learn how Tanners has modified her outlook for the steel market in 2020 and beyond.
To register, click on the link below.
{loadposition reserved_message}
Tim Triplett
Read more from Tim TriplettLatest in Economy
New York state manufacturing index drops again in April
Firms were pessimistic, with the future general business conditions index falling to its second lowest reading in the more than 20-year history of the survey
Construction adds 13,000 jobs in March
The construction sector added 13,000 jobs, seasonally adjusted, in March, but tariffs could undermine the industry.
Supply chains, end-users brace for impact from tariffs
Supply chains are working through what the tariffs mean for them
ISM: Manufacturing expansion loses steam after two months of growth
US manufacturing activity slowed in March after two straight months of expansion, according to supply executives contributing to the Institute for Supply Management (ISM)’s latest report.
Chicago Business Barometer rose to 16-month high in March
The Chicago Business Barometer increased for the third-consecutive month in March. Despite this, it still reflects contracting business conditions, as it has since December 2023.