Industrial Production Returns to Growth After February’s Storms Subside

U.S. manufacturing output rose 2.7% in March after falling almost 4% in February. IW Staff APR 15, 2021 The Federal Reserve reported on April 15 that industrial production in March rose 1.4%, returning to growth after an unseasonably stormy February knocked it down 2.6%. The report shows total industrial production rose 2.5% at an annualizedRead More

Manufacturing in February: Rapid Growth Checked by Supply Hurdles

According to the ISM, U.S. industry is still bedeviled by supply inconsistencies despite growing production and demand. Data from the Institute for Supply Management show that the manufacturing sector grew in February at a faster rate than it had in January. The ISM’s Purchasing Manager’s Index hit 60.8, 2.1 points higher than January’s 58.7. ARead More

January Manufacturing Sustains Growth, Supply Difficulties

The Industry for Supply Management’s manufacturing index fell to 58.7%. Ryan Secard FEB 02, 2021 The manufacturing sector continued growing for an eighth straight month in January as the Institute for Supply Management’s Purchasing Manager’s Index for sector growth fell 1.8 points to 58.7% compared to December. The overall economy also grew, sustaining a parallelRead More

Nucor CEO says the US is losing a ‘trade war’ in steel to ‘predatory countries like China’

As Washington lawmakers wrestle over health care, Nucor CEO John Ferriola sees a much more pressing issue at hand that affects more than just his steel-producing company. "There's no doubt we're in a trade war. We are losing that trade war. It is time to take action to support the American industry and the American people. AndRead More

US steelmakers seeing light at end of tunnel: Nucor CEO

Washington (Platts)--23 May 2017 540 pm EDT/2140 GMT As steel has taken on a more prominent role in Washington in 2017, it's leading to a more positive outlook for US steel producers, according to Nucor CEO John Ferriola. "We can actually see a light at the end of the tunnel, and this time it's notRead More