Service center shipments of steel and aluminum products declined across North America during April, while inventory totals showed some leveling trends in the U.S. but ticked upward in Canada. The data is found in the latest release of the Metals Service Center Institute’s Metals Activity Report, which details shipment and inventory totals for steel and aluminum at service centers in the U.S. and Canada.
Tuesday featured a series of downgrades demonstrating that “anything to do with trucks, or trucking, is now a whipping boy in this Brexit-influenced market environment,” according to a Real Money report from The Street....More
Yesterday’s vote by 52 percent of the United Kingdom to exit from the European Union—the so-called British exit (Brexit)—has sent shockwaves across global financial markets and plunged manufacturers on both sides of the Atlantic into a long period of uncertainty....More
The Federal Reserve Bank of Philadelphia said that manufacturing activity rebounded in June after contracting in both April and May. The composite index of general business activity rose from -1.8 in May to 4.7 in June. It was only the second time in the past ten months that activity has expanded, highlighting the challenges for the sector seen over much of the past year....More
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