The South Jersey Port Corporation anticipates steel volumes, savaged by the COVID-19 global recession and punishing Trump tariffs, will increase significantly this winter as manufacturers replenish inventories to gear up production and as COVID-19 vaccines come online, signaling an anticipated control of the pandemic.
The notion of de-coupling the economic relationship between the United States and China is something of a red herring.
Expect a resurgence in local shopping centers and a convergence of channels
The first U.S.-flag installation vessel is under construction. Until its completion in 2023, there are workarounds.
Policy commitments to generate $1 trillion in investments and one-million jobs
But with automation comes increased cybersecurity risk
The supply-chain problems highlighted by the COVID-19 pandemic and the distribution of vaccines have underscored the necessity for greater information sharing and supply-chain visibility.
Interoperable gray pool promotes cargo fluidity
Demand in China is increasing and the U.S. industry is holding its own amid a bleaker global outlook and negative implications of possible new COVID closures.
The United States steel industry experienced an upswing during the third quarter of 2020, as did much of the rest of the economy. By the end of September, 18 of 27 blast furnaces were operating in North America—versus 12 at the low point.
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