Economy
Announcing CRU’s Virtual New York Steel Seminar
Written by Tim Triplett
May 4, 2021
Join us for CRU’s Annual New York Steel Seminar featuring the outlook for steel and key considerations for navigating price volatility alongside the low carbon transition.
Date: Wednesday, June 16, 2021
Time: 10:00 a.m. – 12:00 p.m. EDT
Despite the pandemic’s impact now easing on the steel industry, domestic and global steel markets continue to face uncertainty and challenges. Steel markets remain in the spotlight with record high prices and the call to decarbonize steel supply chains. CRU’s analysts and industry experts will discuss the challenges, opportunities and outlook for North American steel – focusing on steel prices and the pursuit of net zero.
The virtual seminar is free to attend, and you may invite your colleagues to join. Speakers and agenda will be announced shortly.
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.