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 Summit: ITR economist urges execs to prepare for growth, not recession
If the steel industry professionals who made it to the very final presentation of this year’s SMU Steel Summit were expecting another round of cautious forecasting, they were in for a surprise. Because what they got was a wake-up call.

ISM: Manufacturing growth remained down in August
US manufacturing activity remained muted in August despite a marginal gain from July's recent low, according to supply executives contributing to the Institute for Supply Management (ISM)’s latest report.

Steel Summit: Dr. Basu blames tariffs for riskier path ahead
Steel executives packed the main conference hall of the 2025 SMU Steel Summit on Tuesday, Aug. 26, to hear economist Dr. Anirban Basu lay out his blunt view of tariffs, inflation, and demand.

Steel Summit: Schneider sees SDI ‘on the edge of a very good run’
Steel Dynamics Inc. (SDI) President and Chief Operating Officer, Barry Schneider, remains bullish about the Fort Wayne, Ind.-based steelmaker’s position in the current market.

US housing starts gain momentum in July
US housing starts rose in July both month-on-month and year-on-year, according to figures from the US Census Bureau.