US Raw Steel Production Highest Since 2015
With US raw steel production highest since 2015, it rose 2.9 percent as mills operated at an ACUR of 78.7 percent. The highest production level since the week ended January 10, 2015. When the ACUR was 79 percent.
In the corresponding week last year, mills operated at an ACUR of 74.9 percent. Thus far this year mills have produced prox 15,374,000 tons compared to the prox 15,505,000 tons produced in the like period last year.
Steel Tariff Exemptions: Canada & Mexico
Everyone is chattering about the sec 232 steel and aluminum tariffs. I have read both sides of the debate and both are valid. I think only time will tell, but I believe the president has very wise men in whom he is consulting. I believe he may have a plan to negotiate with this and the NAFTA negotiations. The Metals Service Center Institute (MSCI) recommended exempting both Mexico and Canada from the tariffs because of the synergies between our economies and their status as allies of the USA.
As I suspected, Trump has exempted both Canada and Mexico from the Sec. 232 Steel and Aluminum tariffs as the two countries agreed to re-negotiate NAFTA. The Art of the Deal.
US Drill Rigs Running Rose Last Week
The number of drill rigs running in the US rose by three last week. Meanwhile, Canadian drilling fell by four rigs compared with the previous week.
The US Census Bureau Monthly Full Report on Manufacturers’ Shipments, Inventories and Orders for January 2018
- New Orders for manufactured durable goods in January, down following two consecutive monthly increases, decreased 3.6 percent. Transportation equipment led the decrease.
- Shipments of manufactured durable goods in January, up eight of the last nine months, increased 0.3 percent.
- Inventories of manufactured durable goods in January, up eighteen of the last nineteen months, increased 0.3 percent following a 0.5 percent December increase.
In another brilliant move, as a result of strongly increasing the sanctions against North Korea, Kim Jong Un has extended an invitation to President Trump to visit his country by or in May of this year. A first for ANY American president. Hopefully Trump can bring an end to their nuclear ambitions and create a lasting peace in the region, bringing relief to the people of North and South Korea.
Infrastructure X (Keystone & Dakota pipelines) Regulation Reform XX 1 in 2 out
Individual Tax Reform XX Entitlement Reform
Business Tax Reform XX Education Reform X
Healthcare Reform Veterans Administration Reform X
Rebuild our Military X Trade Reform X
Secure our Borders (The Wall) XX Lead the world from the front XX
Help for the poor XX Drain the swamp X as we speak
Peace through unmatchable strength Support Israel X
Destroy ISIS XX Extreme Vetting XX
Conservative Supreme Court nominees XX American Jobs XX
I will track these campaign promises and will check them off as each is accomplished adding those I have missed as they become apparent. This is quite an agenda and will be difficult to achieve all in one term but I believe the American people are behind him and know these things need to be done. Now, if he can get our legislators to support him instead of fighting him….
“MAKE AMERICA GREAT AGAIN”
Have a great weekend…. God bless America!
Buy American made products whenever you can, it’s good for you, good for your friends and neighbors and good for our country.
If you are hiring…try to hire a veteran…. they are loyal, disciplined, hardworking…and they deserve our support.
By the way, if you wish to comment on my rants or offer any other insights you may have, you are encouraged to email me.
TEDDY ROOSEVELT ON IMMIGRANTS IN AMERICA…1907
In the first place, we should insist that if the immigrant who comes here in good faith becomes an American and assimilates himself to us, he shall be treated on an exact equality with everyone else for it is an outrage to discriminate against any such man because of creed, or birthplace, or origin. But this is predicated upon the person’s becoming in every facet an American and nothing but an American. There can be no divided allegiance here. Any man who says he is an American, but something else also, isn’t an American at all. We have room for but one flag, the American flag…We have room for but one language here and that is the English language…and we have room for but one sole loyalty and that is a loyalty to the American people.”