Economy
Obituary: Former Doral Steel President Cam Smith
Written by Tim Triplett
January 4, 2022
Robert Campbell “Cam” Smith, Jr., former president of Doral Steel, died on Friday, Dec. 24 at age 84.
Smith founded Doral Steel in Toledo, Ohio, in 1975. The service center also had operations in Clinton, Tenn., and Monterrey, Mexico. The family business was sold to Samuel, Son & Co. in 2011.
Among many honors in his long career, Smith was named the Steel Man of the Year by the Association of Steel Distributors (ASD) in 2007.
“Cam was and always will be one of the great gentlemen in the steel Industry. His success and accolades are a product of his high ethical standards, integrity, and strong values exhibited throughout his career. Cam was truly a class act and will be missed by many,” said Grand Steel President Mike Barnett, current chairman of ASD’s board.
Memorial donations may be made to The Open Door Ministry, 2823 Cherry St., Toledo, OH 43608.
Condolences may be shared with the family at walkerfuneralhomes.com.
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.