Economy

AISI Welcomes Two New Directors to the Board
Written by Sandy Williams
June 3, 2019
The American Iron and Steel Institute’s (AISI) Board of Directors today welcomed two new directors — Michael McQuade, Algoma Steel Chief Executive Officer, and Ed Ramsey, Regional President-North America for Harsco Metals and Minerals.
“Michael McQuade and Ed Ramsey are tremendous ambassadors for the steel industry, and I am excited to welcome them to the AISI Board of Directors,” said AISI Chairman and AK Steel CEO Roger Newport. “With their help, we will continue to advocate for the best interests of the North American steel industry, our workers, and our customer and supplier partners.”
AISI President and CEO Thomas J. Gibson added, “Michael and Ed both have years of steel industry expertise that will serve as an asset to the Institute as we navigate this critical period in the history of our industry.”
The announcement took place at the Board of Directors meeting in conjunction with AISI’s joint 2019 General Meeting with the Steel Manufacturers Association in Washington, D.C.

Sandy Williams
Read more from Sandy WilliamsLatest in Economy

Architecture firms struggle through April
For the third month in a row, architecture firms reported a reduction in billings through April, according to the latest Architecture Billings Index release.

House committee blocks GOP budget proposal
The budget proposal has big implications for steel and manufacturing.

Manufacturing in New York state contracts again in May
Manufacturing activity in New York state declined for the third consecutive month, according to the May Empire State Manufacturing Survey from the Federal Reserve Bank of New York. Responding firms continue to forecast weaker business conditions in the coming months.

Chicago Business Barometer falls back in April, remains in contraction
The Chicago Business Barometer declined in April, reversing March’s gains, according to Market News International (MNI) and the Institute for Supply Management (ISM).

Fewer manufacturers optimistic about the economy
PMA’s April report shows that only 16% of surveyed manufacturers anticipate an increase in economic activity in the next three months (down from 23% in March)