Economy

No SMU on Sunday Due to Labor Day Holiday
Written by Tim Triplett
September 2, 2021
Steel Market Update will not publish on Sunday due to the Labor Day holiday. We will resume our normal publishing schedule on Tuesday.
We will be sending out our market trends questionnaire on Monday and Tuesday as usual, however. Please take the time to share your views on steel prices and other factors affecting the market.
For us to publish reliable pricing data on Tuesday, we are counting on a good response to our survey despite the holiday on Monday.
Thanks in advance for your participation.

Tim Triplett
Read more from Tim TriplettLatest in Economy

ArcelorMittal plans wire-drawing closure in Hamilton, shifts production to Montreal
ArcelorMittal’s (AM) Hamilton location to be shuttered, wire production shifting to Montreal.
Beige Book finds growing economic, policy uncertainty
All districts reported "hesitancy and a cautious approach to business and household decisions,” according to the Beige Book.

ISM: Manufacturing continues to contract in May
May marks the third consecutive month US manufacturing activity declined, according to supply executives contributing to the Institute for Supply Management (ISM)’s latest report.

Chicago PMI decreases 4.1 points in May
The Chicago Business Barometer reports that decreases in new orders, order backlogs, and softer production pulled the index down by 4.1-points to 40.5, in May.

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.