11
Mar
19:01
US construction can remain steady despite inflation: economist
Recent US inflation data that dashed hopes of prompt interest rate cuts still may have little impact on non-residential construction spending, an economist in the sector tells Kallanish.
Banks, however, have tightened construction-related lending in recent months, notes Zachary Fritz, economist at Associated Builders and Contractors (ABC).
The US Consumer Price Index (CPI) was fractionally higher than forecasts in both the January and February readings.…
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Very good overview of the weekly steel market.
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