Economy

Dempsey Named New President & CEO of AISI
Written by Sandy Williams
December 3, 2020
Kevin Dempsey has been named president and CEO of the American Iron and Steel Institute by the AISI Board of Directors. Dempsey has been serving as interim president and CEO since the retirement of Thomas Gibson in June.
“Kevin Dempsey has been a driving force for the steel industry’s advocacy on our key priorities for many years. At a time when we are challenged not only by the global pandemic but by unfair trade practices and massive global steel overcapacity, the AISI member companies have the utmost confidence in Kevin’s leadership and expertise,” said John Brett, chairman of AISI and president and CEO of ArcelorMittal USA.
Dempsey has had a long association with AISI, serving as the institute’s senior vice president for public policy and general counsel since 2009. Before joining AISI, Dempsey was a partner at Dewey & LeBoeuf, a global law firm, and its predecessor Dewey Ballantine LLP., and had served on Capitol Hill as counsel to Senator John C. Danforth (R-MO) and the U.S. Senate Committee on Commerce, Science and Transportation.
“I am honored and privileged at this opportunity to continue serving the American steel industry. The industry is a cornerstone of our economy, the backbone of America’s manufacturing sector, critical to our national security and the cleanest and most energy efficient of the leading steel producing industries in the world. I look forward to working with our member companies and partners to continue this momentum,” said Dempsey.

Sandy Williams
Read more from Sandy WilliamsLatest 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.