Steel & Metals News

President Biden held his first press conference on Thursday 25, announcing that the $3-trillion infrastructure plan will be unveiled next week during his visit to Pittsburgh. However, he hinted at what the plan will contain, and transportation infrastructure will have high priority, especially roads and bridges. Mr. Biden also mentioned plans to…

The US economy is recovering quicker than expected, according to Federal Reserve Chairman Jerome Powell, but he believes there is still a long way to go. Unemployment is one of the main challenges, and there are 10 million jobs less than before the COVID-19 pandemic. In order to stimulate the US economy, the Federal Reserve decided to leave the…

BRIEF OPPORTUNITY FOR SOME CONSTRUCTION CONTRACTORS As most March contracts ended Tuesday it offers a short term window into lower forward pricing for most commodity based construction materials after seeing record highs on lumber Monday and the quarter. News from builder sentiment being lower for home building also adding to lower levels.…

On Wednesday March 10, the House of Representatives approved the American Rescue Act of 2021, which is also known as the COVID-19 relief package. The bill has many measures that will help the American economy recover from the pandemic, which include employment incentives and a dedicated budget for the construction industry. The Covid-19 relief…

As if we do not have enough concerning trends to watch and forecast there is now also tremendous port of entry backlogs. Freight ships are scattered throughout the outskirts of major ports. Unloading and logistics are strained and running overtime.