U.S. exports remain constrained by sluggish global demand and the strong U.S. dollar, HSBC points out, but the bank expects the medium-term outlook for U.S. exports to improve as emerging markets recover from a cyclical slowdown.
The new Union Customs Code (UCC) will introduce more efficient clearance procedures and speed up goods' distribution to consumers at reduced cost, while increasing consumer protection against goods which do not meet EU environmental, health and safety requirements....More
North American metal service centers increased some shipment totals from February to March, but shipments declined overall from 2015 levels – and “at an accelerated pace in both the United States and Canada,” according to the Metals Service Center Institute....More
A new, World Steel Assn. short-range forecast of global steel demand anticipates a continuing decline through the remainder of 2016, driven by multiple factors including a weak Chinese economy, before a slight recovery takes hold in 2017....More