Frank Polich/Bloomberg News Construction spending rose 1% in November to the highest pace in more than four years, the Commerce Department reported Jan. 2. The increase brought spending to an annual $934.4 billion annual rate, the ...
Tags: construction spending, Commerce Department, public spending
President Obama projected that 2014 would be a "breakthrough year" for the U.S. economy. "We head into next year with an economy that's stronger than it was when we started the year," Obama said Dec. 20 at the White House during his final ...
Tags: Economy, U.S.economy
The U.S. economy expanded at a 4.1% annual rate in the third quarter, the strongest since the final three months of 2011 and up from an estimate of 3.6%, the Commerce Department said Dec. 20. Economists' forecasts for gross domestic ...
A US trade panel decided on Tuesday to extend antidumping and countervailing duties on hot- rolled steel products from five foreign countries after the second five-year review of the measures imposed initially in 2001. The US ...
Tags: hot-rolled steel, AD, antidumping duties
November housing starts increased 22.7% to the highest level in more than five years, the Commerce Department announced Dec. 18. Starts rose to an annual rate of 1.09 million units in November, the most since February 2008, exceeding ...
Tags: Housing Starts, building
The U.S. International Trade Commission (USITC) on Wednesday decided to maintain the antidumping duty order on imports of steel nails from China. The bipartisan trade panel voted unanimously in determining that revoking the existing ...
Tags: Antidumping Duty, Steel Nails
The US Commerce Department on Friday set preliminary dumping margin on prestressed concrete steel rail tie wire from China and Mexico, signaling that it may impose punitive duties on the products. The department made its preliminary ...
Tags: Construction, Steel Wire
The US International Trade Commission on Tuesday approved trade investigations into grain- oriented electrical steel products from seven foreign countries, paving the way for the Commerce Department to set preliminary punitive duties in the ...
The U.S. International Trade Commission on Tuesday approved trade investigations into grain- oriented electrical steel products from seven foreign countries, paving the way for the Commerce Department to set preliminary punitive duties in ...
Tags: Electrical Steel Products, Mineral
The United States will not impose punitive duties on hardwood and plywood from China, the U.S. trade authority said Tuesday. The U.S. industry is "neither materially injured nor threatened with material injury" by imports of hardwood and ...
Oil prices gained Wednesday as U. S. crude inventories decreased last week. Energy Information Administration said Wednesday crude supplies shrank 200,000 barrels to 360 million barrels for the week ending Sept 6. Gasoline supplies rose ...
Tags: Oil, Metallurgy, Mineral, Energy
Oil prices surged on Thursday as economic data around the globe added optimism to economic growth. In the week ending July 27, the advance figure for seasonally adjusted initial jobless benefits claims decreased 19,000 to 326, 000, the ...
Tags: Oil Prices, Global Growth Optimism
Oil prices advanced on Wednesday after a report showed that U.S. economic growth was higher than expected in the second quarter of the year. The U.S. real gross domestic product (GDP) increased at an annual rate of 1.7 percent in the ...
Tags: Oil Prices, Economic Data
Rising mortgage rates are showing no sign of derailing new-home sales. Single-family new-home sales rose 8.3 percent in June to the highest level since May 2008, the Commerce Department reported Wednesday. What's more, they were up 38.1 ...
Tags: Construction
Based on the Commerce Department's most recent Steel Import Monitoring and Analysis (SIMA) data, the American Iron and Steel Institute (AISI) reported Wednesday that steel import permit applications for the month of June totaled 2,565,000 ...
Tags: Steel, Iron and Steel