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Economic activity in the manufacturing sector contracted in March after two months of growth, reports the Institute for Supply Management in its latest Report on Business. The PMI for March was 49.1 percent, down 1 percentage point from February.
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Five major steel industry groups today strongly urged Congress to include significant infrastructure investment in the next phase of COVID-19 stimulus legislation to provide a clear path toward our nation’s recovery.
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FABTECH Canada, the biennial trade show for Canadian manufacturers, fabricators, welders and processors has been called off due to the ongoing COVID-19 pandemic. The event had been scheduled for June 16-18 in Toronto.
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The National Association of Steel Pipe Distributors has canceled its Summer Conference. The event had been scheduled for June 17-20, at the InterContinental Hotel in Chicago.
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The U.S. imported 1.5 million tons of steel in February, including 1.3 million tons of finished steel, the American Iron and Steel Institute reported. Net tons were down 52.2 percent from January, while finished steel tons declined 18.4 percent.
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World crude steel production for the 64 countries reporting to the World Steel Association was 143.3 million tons in February, a 2.8 percent increase compared with the same month in 2019. Global production of 2.9 million tons for the first two months of 2020 was up 1 percent compared with the previous year.
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The Metals Service Center Institute has called on the Trump administration to consider the metal service center business an essential industry when shelter in place policies are enacted nationwide. In a letter to Vice President Mike Pence and Christopher Krebs, director of the Department of Homeland Security’s Cybersecurity and Infrastructure Security Agency, MSCI President and CEO Bob Weidner said service centers should be considered “critical infrastructure and remain open” during those orders.
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FABTECH Mexico is the latest event to be canceled, FMA executives determined. The event had been scheduled for May 12-14 at Citibanamex in Mexico City.
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The American Iron and Steel Institute has urged the Trump administration to identify the steel manufacturing sector and its workers as “essential” when drafting and enforcing shelter-in-place orders and other directives in response to the COVID-19 pandemic.
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Following the previous determination to cancel its Specialty Metals Conference, the Metals Service Center Institute has decided to cancel the May Annual Meeting. MSCI will hold a virtual Annual Meeting before June 30 to approve minutes from the previous year’s meeting and elect directors and officers.
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