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- The US’s failing construction sector is harming the steel industry and the infrastructure industry.
- Manufacturing UQ
- Manufacturing NU
Construction UQThe construction sector will grow in 2012Business Monitor, June 25, 2012 (Business Monitor Online, “Still On Track For Growth In 2012,” LexisNexis, June 25, 2012, Accessed: 7-2-12) ADJ The US construction sector is on track to return to growth in 2012. Recent data on construction spending aligns with our long-held view that 2012 would be the year the US construction sector would emerge from recession. Construction spending is up 6.7% in the first four months of the year, whilst milder weather has undoubtedly contributed, the general climate in the industry is more positive. At the same time, construction industry employment was up 1% in the first five months of the year, indicating a sustained recovery is underway. We believe growth will be driven by investments into the energy sector, residential construction and a bottoming out of the non-residential building sector The US’s failing construction sector is harming the steel industry and the infrastructure industry.Metal Bulletin, May 14, 2012 (Metal Bulletin, “US steel industry feeling construction drag; no relief near,” May 14, 2012, LexisNexis, Accessed: 7-2-12) ADJ The US construction market's slow and unsteady rebound has prevented domestic steel mills from returning to high capacity utilization rates, and there's no relief near on the horizon, steel executives said during the Town Hall Forum at AISTech 2012, the Iron & Steel Technology Conference and Exposition, in Atlanta last week. While certain areas of the steel-consuming economy are back and booming, the construction sector remains a laggard, with serious negative effects on steel producers. "That consumption needs to come back if we're ever going to see our utilization rates get back above 85 to 90 percent," Michael S. Williams, Pittsburgh-based U.S. Steel Corp.'s  senior vice president of North American flat-rolled operations, said. David Sumoski, vice president and general manager of Nucor Corp.'s Marion, Ohio, steel mill, had harsher words. The building market is "pathetic," he said. "Now, it is improving, but improving from pathetic is still pathetic." The building sector is coming back unevenly across the country, the executives said. "In the U.S. market, we've seen different markets in different situations," according to André B. Gerdau Johannpeter, chief executive officer of Porto Alegre, Brazil-based Gerdau SA. He said the nonresidential construction was most robust, followed by infrastructural development, which he described as "lagging," and then, finally, by residential construction. And while it might seem like a distant possibility now, Johannpeter said the industry had to be cautious about overheating in the future. "We have to think: Are we going to get back to those levels that were not real or too high at a certain point?" he asked. Meanwhile, U.S. producers have been helped somewhat by an unusually warm winter. "We've seen a little uptick in activity earlier than we would normally from a seasonality standpoint," Williams said. Still, he described the market as "at very low levels" and "anemic." None of the executives said they anticipated a full recovery approaching anytime soon. "While I would say every month is better than the previous month, we're nowhere near 2007 levels of activity and demand,"according to P.S. Venkataramanan, chief executive officer of Luxembourg-based ArcelorMittal SA's Long Carbon North America operations. "The meat of the whole business is the commercial construction. The public spending has been nonexistent. We're not seeing schools, we're not seeing bridges, we're not seeing major projects coming back." The infrastructure spending that the industry needs to see isn't solely limited to civil infrastructure such as roads and bridges, Venkataramanan said, citing electrical infrastructure as a prime example of an area in which the United States hasn't yet invested sufficient resources. In the meantime, the outlook for construction appears to be a a slow and uncertain climb, the panel agreed. "(Construction is) the last to be affected going into a recession, and-as my sales manager reminds me every day-it's the last to come out," Sumoski said.
Manufacturing UQThe manufacturing sector is rebounding.Mary Bono Mack, Chairman Subcommittee on Commerce, Manufacturing, and Trade, April 19, 2012 (Mary Bono, California, Congressional Record, April 19, 2012, LexisNexis, Accessed: 7-2-12) ADJ Here's the good news. Historically, manufacturing is the hardest hit during a recession, but the quickest to recover due to pent- up demand for goods. Recent numbers from the Bureau of Labor Statistics provide a glimmer of hope that the U.S. manufacturing sector may indeed be rebounding. Last year, for the second consecutive year, American manufacturers actually added jobs. Prior to that, the manufacturing sector had suffered job losses every year since 1997. What's more, according to a recent report by the Boston Consulting Group, rising wages in China, the rising cost of energy and real estate in China, and the rising cost of transporting goods back to America for consumption are beginning to make the United States a much more attractive option once again for many manufacturers. Manufacturing NUThe manufacturing is in terrible shape, and decline in the manufacturing sector hurts the overall US economy, jobs and multipliers proveMary Bono Mack, Chairman Subcommittee on Commerce, Manufacturing, and Trade, April 19, 2012 (Mary Bono, California, Congressional Record, April 19, 2012, LexisNexis, Accessed: 7-2-12) ADJ Throughout our nation's long history, a growing and robust manufacturing sector has helped to make America great. It's been a driving force in our economy since the Industrial Revolution as generations of hard-working Americans, armed with machines, tools, and a determined work ethic, cranked out everything from airplanes to toasters. But as our nation has moved from the Atomic Age to the Space Age to the Information Age, manufacturing has not kept up, losing nearly six million American jobs since the beginning of the 21st century. Aging, rusting, and abandoned factories litter the U.S. landscape. Today, we stand at an important crossroads. One direction - lined by job-killing regulatory hurdles, a punitive tax code, and indecisive political leadership - will lead ultimately to a further erosion of our manufacturing base and lost prosperity for future generations of Americans. The other direction - where smart policies and smart minds eventually intersect - could lead, instead, to a resurgence in U.S. manufacturing, putting millions of Americans back to work again and breathing new life into the beleaguered middle class. Secretary Bryson, as chairman of this subcommittee, I look forward to working closely with you on this very important issue. Let's make "Made in America" matter again. Let's throw the "start switch" right now. Let's get the widgets moving. Clearly, we don't have any time to waste. Statistics show the manufacturing sector was the hardest hit in terms of job losses during the Great Recession. While manufacturing accounts for just a tenth of our nation's jobs, manufacturing suffered a third of our nation's job losses. What's more, in 2009 - for the first time ever - the number of unemployed Americans actually exceeded the number of Americans employed in the manufacturing sector, a fact that remains true today, despite a slight uptick in recent hiring. So what happened? The United States was the undisputed leader in manufacturing for decades with the world's largest manufacturing economy producing nearly a quarter of all globally manufactured products. But that leadership is now in serious jeopardy, so it's vitally important to consider what's at stake for our nation. According to a report by the National Association of Manufacturers, American manufacturing supports nearly one in six U.S. jobs, which pay, on average, over $75,000 with benefits. Additionally, manufacturing jobs have the highest multiplier in the U.S. economy - every $1 in direct spending produces $1.35 in additional indirect output. Conversely, every manufacturing job eliminated in America results in the loss of two other jobs elsewhere in the economy. So as policymakers, we are facing several critically important questions. First, what is the true state of the manufacturing sector today? Second, what factors are impeding a comeback? And finally, and most importantly, what policies could aid the manufacturing sector's recovery? Directory: files files -> Answer True False 2 points Question 2 files -> Integer programming and game theory files -> 4 Integer Programming files -> Bpa vehicle Window Repair Scenario #1 task: Procure vehicle window relacement. Objective files -> Pop Warner History files -> North Carolina Inclusion Initiative Mapping Where Children with ieps are Being Served Purpose files -> Fall 2013 Spring 2014 Program Data: Standard 1 Exhibit 4d files -> Hanban – asia society confucius classrooms network 2010 request for proposal files -> Northern England’s set-jetting locations Download 0.63 Mb. Share with your friends:
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