Economy
Obituary: Wayne Mang
Written by Tim Triplett
January 17, 2022
Wayne Mang, former president and CEO of Toronto-based Russel Metals, died Jan. 14 at age 85 after a brave battle with cancer.
In addition to Mang’s 20-year tenure with Russel, he also served as chairman of the Steel Service Center Institute (now the Metals Service Center Institute) from 1997-98, among other contributions to the industry during his long career.
Tim Triplett
Read more from Tim TriplettLatest in Economy
Hot-rolled spot market conditions linger, prices slip
Market participants said they have high hopes that the stable hot-rolled spot market will improve as the year rolls on.
Dodge Momentum Index surges in July
The Dodge Momentum Index (DMI) jumped 20.8% in July and is now up 27% year-to-date, according to the latest data released by Dodge Construction Network.
ISM: Manufacturing growth slows in July, hits 10-month low
US manufacturing activity slowed again in July to a 10-month low
CRU: Pushing EU imports back to 15% would be a big task
Several EU member states have published a ‘non-paper’ that puts forward proposals for a post-safeguard trade measure.
SMU Community Chat: Tariff-induced panic purchases, inflation, and calculating costs
Chief executive of the Institute for Supply Management (ISM), Tom Derry highlighted how reactive buying behavior has shifted the market into a quiet demand period. Derry presented ISM data during the weekly SMU community chat.