Economy

Lourenco Goncalves “Hopes Will be High for New Administration”
Written by John Packard
November 8, 2016
At the end of August Cliffs Natural Resources Chairman, President and CEO, Lourenco Goncalves spoke at the SMU Steel Summit Conference in Atlanta. During his “fireside chat” with SMU founder and publisher, John Packard, Goncalves was upbeat about the future of the steel industry and of the United States.
Later, in comments made before SMU cameras Mr. Goncalves said despite what happens in the presidential election, he is hopeful for a recovery in the steel market regardless of who is elected to be the new President.
“No matter who wins in November we are going to be fine, and we are going to be talking in a very positive way next year at this conference.” Lourenco Goncalves, SMU Steel Summit Conference, August 31, 2016.
Here is a video of Mr. Goncalves statement to Steel Market Update:

John Packard
Read more from John PackardLatest in Economy

Steel groups welcome passage of budget bill
Steel trade groups praised the passage of the Big Beautiful Bill (BBB) in Congress on Thursday.

Industry groups praise Senate for passing tax and budget bill
The Steel Manufacturers Association and the American Iron and Steel Institute applauded the tax provisions included in the Senate's tax and budget reconciliation bill.

Chicago PMI dips 0.1 points in June
The Chicago Purchasing Managers Index (PMI) slipped 0.1 points to 40.4 points, in June.

Multi-family pullback drives housing starts to 5-year low in May
US housing starts tumbled in May to a five-year low, according to figures recently released by the US Census Bureau.

Architecture firms still struggling, ABI data shows
Architecture firms reported a modest improvement in billings through May, yet business conditions remained soft, according to the latest Architecture Billings Index (ABI) release from the American Institute of Architects (AIA) and Deltek.