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Showing research about Materials - Construction

20210407-nails-macro

Illinois Tool Works, Kyocera may see nail tariff costs cut

The U.S. Court of International Trade ruled that expanded section 232 national security tariffs on steel products overstepped the law, removing duties on steel and aluminum derivatives like nails and car bumpers. This overturns the duties that were enacted by the Trump administration in Januar... Read more →

20210225-first-cut-origins

Shipping surge abates in February, but far from washed out

U.S. international trade activity has continued to expand in February with imports of containerized freight having increased by 10.2% year over year in the first half of the month. That was somewhat slower than the 15.7% expansion seen in January but still means pressure on logistics networks,... Read more →

20210210-assa-corp

Assa Abloy locks in price increases to offset freight costs

Lock maker Assa Abloy reported a 6.6% year over year decline in sales due to reduced office service sales. The firm has also had to deal with higher freight costs, which it is likely trying to pass through to consumers with CEO Nico Delvaux stating “we will do everything we can and with the in... Read more →

20210128-ppg-corp

PPG, Chemours roll on paint supplies, demand remains choppy

Paint and coating maker PPG has released Q4’20 earnings with revenue growth of 2.3%. While the firm’s supply chain activity has increased, with U.S. seaborne imports up by 12.9% year over year, the firm’s CEO, Michael McGarry, has noted the “demand is very strong, but it is very choppy” in the... Read more →

20201202-ism-us

Industrial import recovery insecure as ISM, shipment growth slow

U.S. business sentiment towards trade split into two directions in November. The ISM reading for import orders dipped to 55.1 (over 50 represents expansion) from 58.1 a month earlier. U.S. seaborne imports of Industrial sector products slowed to a 9.5% year over year expansion in the first hal... Read more →

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