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The United States-Mexico-Canada Agreement moved another step closer to full implementation with passage by the U.S. Senate. The Senate overwhelmingly passed the measure, 89-10.
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President Donald Trump and representatives from China signed phase one of a trade agreement between the two countries. The move is the first step toward ending the more than year-long trade dispute.
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Steel and aluminum shipments declined in the U.S. in December. Shipments of both products climbed in Canada, reports the Metals Service Center Institute, Rolling Meadows, Ill.
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The North American Steel Alliance has welcomed EXLTUBE to its list of supplier companies. EXLTUBE provides pipe and tube products to the U.S. and Canada.
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Economic activity in the manufacturing sector hit a 10-year low in December, reports the Institute for Supply Management in its most recent Report on Business. The PMI for December was 47.2 percent, a decrease of 0.9 percentage points and the lowest reading since June 2009.
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The U.S. imported 1.5 million tons of steel in November, including 1.3 million tons of finished steel, reports the American Iron and Steel Institute, Washington. Total imports were down 29.9 percent and finished steel imports were down 12.5 percent compared with the prior month.
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Global crude steel production in November totaled 147.8 million tons, reports the Brussels-based World Steel Association. Production was down 1 percent compared to the same month in 2018.
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Metalforming companies reported an uptick in optimism in the December Business Conditions Report from the Cleveland-based Precision Metalforming Association.
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Shipments of steel and aluminum were down in both the U.S. and Canada in November, reports the Metals Service Center Institute, Rolling Meadows, Ill.
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The Trump administration and Congressional Democrats have reached an agreement that will allow the United States-Mexico-Canada Agreement to move forward for Congressional ratification.
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